Origin. COWC Recommendation: Federal Acquisition Regulations should provide clear policy regarding the use of payment withholds on business system deficiencies. Mr. Shay Assad, Director, Defense Procurement and Acquisition Policy committed to making those changes during November Hearing.
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Mr. Shay Assad, Director, Defense Procurement and Acquisition Policy committed to making those changes during November Hearing
There should be a common list of the Business Systems
Each should be supported by a clause
Each should have objective standards/expectations
Each should identify specific remedies
Each should have criteria for approval/disapproval
COWC Slide from August Hearing
“The ACO will consider whether it is appropriate to suspend a percentage of progress payments or reimbursement of costs proportionate to the estimated cost risk to the Government, considering
audit reports or other relevant input, until the
contractor submits a corrective action plan
acceptable to the ACO and corrects the
*MMAS Clause Notwithstanding but…