By Quentin W. Fleming
Covers the topic of growth funds in keeping with charges incurred, as required via the Federal Acquisition legislation, a long way sub-part 32.5. The booklet recommends keeping a linkage among all development funds and the supplier's actual functionality with the intention to reduce hazards.
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Additional resources for A Probus Guide to Subcontract Project Management and Control: Progress Payments
Audits should be viewed as a "last resort," to be taken when all else fails and there still are serious questions about conditions at the supplier. Audits can be performed by either the prime contractor or by the United States Government. But audits do take time--a lot of time-and other remedies should be explored prior to requesting such audits. Taking Appropriate Positive or Negative Corrective Action When Warranted A prime contractor (through its subcontract buyer) has all the necessary tools and legal authority needed to take decisive action with a subcontractor to either reward them for their outstanding performance, or to admonish them for poor performance.
The flexible progress payment standards for all lower tier subcontractors are identical to those available to the prime contractor. However, such standards must be established by any subcontractor independent of the prime contractor. , the prime contractor did not request and/or meet the flexible standards). The only requirement is that the prime contract must be subject to DOD-FAR regulations and the lower tier supplier must qualify for flexible progress payments on their own merits. Thus, there could be a situation where the prime contractor fails to qualify for flexible payments, but its next tier subcontractor does qualify.
Post-Award Management 45 A given program will often conduct periodic performance status reviews on their various subsystems and components. Such meetings are typically called by the program management office, by engineering, by manufacturing, or sometimes by the procurement organization. The responsible buyer has a vital role to play in such status reviews anytime their subcontract is discussed. At other times there will be visits to the supplier's facility from various functional organizations.