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(Revised November 24, 2010)

PGI 242.73--contractor insurance/pension review

      (1)  The ACO is responsible for—

              (i)  Determining the need for a CIPR in accordance with the procedures at PGI 242.7302;

              (ii)  Requesting and scheduling the reviews with the appropriate DCMA activity;

              (iii)  Notifying the contractor of the proposed date and purpose of the review, and obtaining any preliminary data needed by the DCMA insurance/pension specialist or the DCAA auditor;

              (iv)  Reviewing the CIPR report, advising the contractor of the recommendations contained within the report, considering contractor comments, and rendering a decision based on those recommendations;

              (v)  Providing other interested contracting officers copies of documents related to the CIPR;

              (vi)  Ensuring adequate follow-up on all CIPR recommendations; and

              (vii)  Performing contract administration responsibilities related to Cost Accounting Standards administration as described in FAR Subparts 30.2 and 30.6.

      (2)  The DCMA insurance/pension specialist is responsible for—

              (i)  Issuing a technical report on the contractor’s insurance/pension plans for incorporation into the final CIPR report based on an analysis of the contractor’s pension plans, insurance programs, and other related data;

              (ii)  Leading the team that conducts the review.  Another individual may serve as the team leader when both the insurance/pension specialist and that individual agree.  The team leader is responsible for—

                    (A)  Maintaining complete documentation for CIPR reports;

                    (B)  To the extent possible, resolving discrepancies between audit reports and CIPR draft reports prior to releasing the final CIPR report;

                    (C)  Preparing and distributing the final CIPR report;

                    (D)  Providing the final audit report and/or the insurance/pension specialist’s report as an attachment to the CIPR report; and

                    (E)  Preparing a draft letter for the administrative contracting officer's use in notifying the contractor of CIPR results; and

              (iii)  When requested, advising administrative contracting officers and other Government representatives concerning contractor insurance/pension matters.

      (3)  The DCAA auditor is responsible for—

              (i)  Participating as a member of the CIPR team or serving as the team leader (see paragraph (2)(ii) of this section);

              (ii)  Issuing an audit report for incorporation into the final CIPR report based on an analysis of the contractor’s books, accounting records, and other related data; and

              (iii)  Performing contract audit responsibilities related to Cost Accounting Standards administration as described in FAR Subparts 30.2 and 30.6.