4.2302
Sharing supply chain risk information
Agencies must promptly share substantial supply chain risk information with the FASC, and contracting officers must coordinate with program offices to ensure compliance.
Overview
FAR 4.2302 outlines the requirements for executive agencies to share supply chain risk information with the Federal Acquisition Security Council (FASC) when a substantial risk is identified. The regulation mandates that if an agency determines there is a reasonable basis for substantial supply chain risk related to a source or covered article, this information must be communicated to the FASC. Contracting officers are required to collaborate with program offices or requiring activities, following agency procedures, to ensure relevant supply chain risk information discovered during the procurement process is appropriately shared. This process is designed to enhance government-wide awareness and mitigation of supply chain threats.
Key Rules
- Mandatory Information Sharing with FASC
- Agencies must report substantial supply chain risks to the FASC when a reasonable basis for concern exists.
- Contracting Officer Collaboration
- Contracting officers must coordinate with program offices to share relevant risk information according to agency procedures during procurement.
Responsibilities
- Contracting Officers: Coordinate with program offices to identify and share supply chain risk information as required.
- Contractors: Be aware that supply chain risks may be reported and scrutinized during procurement.
- Agencies: Establish and follow procedures for identifying and reporting supply chain risks to the FASC.
Practical Implications
- This regulation exists to protect federal acquisitions from supply chain threats by ensuring timely information sharing.
- It impacts daily contracting by requiring vigilance and communication regarding supply chain risks.
- Common pitfalls include failing to recognize or report risks, or not following agency-specific procedures for information sharing.