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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter G - Contract Management |
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Part 44 - Subcontracting Policies and Procedures |
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Subpart 44.3 - Contractors' Purchasing Systems Reviews |
§ 44.305-1 - Responsibilities.
Latest version.
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44.305-1 Responsibilities.
The cognizant ACO is responsible for granting, withholding, or withdrawing approval of a contractor's purchasing system. The ACO shall -
(a) Approve a purchasing system only after determining that the contractor's purchasing policies and practices are efficient and provide adequate protection of the Government's interests; and
(b) Promptly notify the contractor in writing of the granting, withholding, or withdrawal of approval.
[62 FR 12719, Mar. 17, 1997]