subpart
242.73--contractor insurance/pension review
(Revised February
23, 2006)
242.7301 General.
242.7302 Requirements.
242.7303 Responsibilities.
242.7301 General.
(a) The administrative contracting officer (ACO) is responsible for determining the allowability of insurance/pension costs in Government contracts and for determining the need for a Contractor/Insurance Pension Review (CIPR). Defense Contract Management Agency (DCMA) insurance/pension specialists and Defense Contract Audit Agency (DCAA) auditors assist ACOs in making these determinations, conduct CIPRs when needed, and perform other routine audits as authorized under FAR 42.705 and 52.215-2. A CIPR is a DCMA/DCAA joint review that—
(1) Provides an in-depth evaluation of a contractor's—
(i) Insurance programs;
(ii) Pension plans;
(iii) Other deferred compensation plans; and
(iv) Related policies, procedures, practices, and costs; or
(2) Concentrates on specific areas of the contractor’s insurance programs, pension plans, or other deferred compensation plans.
(b) DCMA is the DoD Executive Agency for the performance of all CIPRs.
(c) DCAA is the DoD agency designated for the
performance of contract audit responsibilities related to Cost Accounting
Standards administration as described in FAR Subparts 30.2 and 30.6 as they relate
to a contractor’s insurance programs, pension plans, and other deferred
compensation plans.
Follow the procedures at PGI 242.7302 (Pop-up Window or PGI Viewer Mode) to
determine if a CIPR is needed.
Follow the procedures at PGI 242.7303 (Pop-up Window or PGI Viewer Mode) when
conducting a CIPR.