Contractor Business Systems Series: Part 4 – Purchasing System

What is a Contractor Purchasing System? When is a Contractor Purchasing System required? What trends are being seen in solicitations?The fourth episode of Cherry Bekaert’s podcast series on each of the six Contractor Business Systems features Brendan Halloran, a Senior Manager in Cherry Bekaert’s Government Contracting Industry practice who previously was a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), and John Bula, a Manager in the Firm’s GovCon practice. Together they discuss the requirements for a Contractor Purchasing System, as outlined in Defense Federal Acquisition Regulation Supplement (DFARS) 252.244-7001, when it is required and what it entails. Listen in to find out about:What constitutes an acceptable and compliant Contractor Purchasing SystemWhat triggers the Contractor Purchasing System requirementKey components and considerations of a Contractor Purchasing SystemPolicies, processes and documentation to demonstrate complianceBenefits contractors can realize in having an approved systemContractor Purchasing System Reviews (CPSR)If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you. Contact usIf you haven’t already, catch up on the first three parts of the series:Contractor Business Systems Series: Part 1 – ApplicabilityContractor Business Systems Series: Part 2 – Accounting SystemContractor Business Systems Series: Part 3 – Cost Estimating System RequirementsCherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.View all Government Contracting Podcasts