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The responsibilities of a Contracting Officer are detailed in the FAR (48 CFR) Part 1.602-2: "Contracting officers are responsible for ensuring performance of all necessary actions for effective contracting, ensuring compliance with the terms of the contract, and safeguarding the interests of the United States in its contractual relationships."
A Contracting Officer's Technical Representative (COTR) is a business communications liaison between the United States government and a private contractor.The COTR is normally a federal or state employee who is responsible for recommending actions and expenditures for both standard delivery orders and task orders, and those that fall outside of the normal business practices of its supporting ...
The authority under FAR Part 12, Commercial Items (and services), must be used thoughtfully and carefully. It is very tempting for a contracting officer to use FAR Part 12 and hence FAR Part 13 in situations where such use is clearly not appropriate in view of the basic reasons commercial item acquisition authority was created by Congress.
The same FAR provision allows a government agency's contracting officer to "disallow all or part of a claimed cost that is inadequately supported." A major area of emphasis in a DCAA audit is determining the adequacy and reliability of the contractor's records to prove the accuracy and reasonableness of contract costs. [7]
GFR authority derives from two Defense Federal Acquisition Regulation Supplement contract clauses known as the Ground and Flight Risk Clause and the Flight Risk Clause. Any DoD contract involving the production, modification, maintenance, repair, or overhaul of aircraft must contain one of these two clauses which requires the US Government to ...
For claims of $100,000 or less, the Contracting Officer is required to issue a decision within 60 days of receipt of the claim provided the contractor requests a decision within that time period. [6] For claims in excess of $100,000, the Contracting Officer is required, within 60 days, either to issue a decision or notify the contractor when a ...
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
At that time, each defense agency and military service was administering and auditing its own contracts, which resulted in a great amount of duplicate effort. Many of the contract administration responsibilities were eventually moved to the Defense Logistics Agency (DLA). However, the military services continued to retain oversight of the major ...