Failure to maintain a purchasing system that meets or exceeds the Federal government’s standards could spell trouble for government contractors, especially if you contract with DoD. The new Business Systems Rule, finalized in February 2012, authorizes the Contracting Officer to withhold up to 5% of the contractor’s payments in the event a required business system is deemed to be unacceptable. Approved purchasing systems also avoid the time and resources devoted to providing advance notification and obtaining consent, reduce contractor risk, increase contractor competitiveness and in some cases, are a prerequisite for bidding on contracts.
This 90-minute webinar will give you valuable… …read more
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