There are certain contract clauses that require contractors to prepare and submit “Quarterly Limitation on Payments Statements” (QLOPS). These typically include Price Redetermination contracts (see FAR 52.216-5 and -6) and Incentive Price Revision contracts (see FAR 52.216-16).
Source: PNWC’s Government Contracting Update: Quarterly Limitation on Payments Statements (QLOPS)
New Regulation Formalizes Ombudsman Practice and Identity for IDIQ Contracts
An ‘ombudsman’ is an official charged with addressing and/or investigating the interests of individuals’ or companies’
