How does a COR evaluate contractor risks?

To evaluate contractor risks effectively, a Contracting Officer Representative (COR) must consider both performance history and technical capabilities. Assessing performance history involves examining past contracts the contractor has completed, which can provide insights into their reliability, quality of work, and ability to meet deadlines. This information is crucial, as it helps identify patterns of performance and potential risks related to similar projects.

Additionally, evaluating the technical capabilities of the contractor is essential. This includes their expertise, staffing, resources, and the methodologies they employ to deliver services or products. Understanding the contractor's strengths and weaknesses in these areas allows the COR to make informed judgments about the likelihood that the contractor will successfully fulfill the contract requirements.

Options that focus solely on financial statements or rely on external audits do not give a comprehensive view of operational risks that could affect project success. While these factors are important, they do not provide the full picture necessary for managing contractor risks effectively.