A CPSR is conducted when a contractor's annual sales to the Government are expected to exceed $50M in a 12 month period.

What is Cpsr compliance?

The Contractor Purchasing System Review (CPSR) meaning, commonly referred to by some as a “CPSR Audit” or a “CPSR Review“, is the Government's evaluation of the effectiveness with which the contractor complies with certain public law, regulations and contract requirements in their policies, procedures and procurement ...

Does the far apply to subcontractors?

Subcontractor status is important to prime and subcontractors. A federal prime contractor is required to flow-down multiple Federal Acquisition Regulation (“FAR”) clauses to its subcontractors. ... Significantly, these clauses apply regardless of whether they appear in the applicable subcontract or vendor agreement.