Why is record-keeping important for a COR?

Record-keeping is essential for a Contracting Officer Representative (COR) primarily for legal compliance and accountability. This practice ensures that all actions taken throughout the contract lifecycle are documented properly, which is critical for transparency and governance. Accurate record-keeping supports adherence to federal regulations and policies, helping the organization avoid potential disputes and legal challenges.

Furthermore, maintaining detailed records allows the COR to provide a clear audit trail. This documentation can be crucial during performance assessments, contract reviews, or when addressing any issues that may arise regarding the contractor's performance or compliance with contract terms. In this way, thorough records foster responsibility and integrity in the management of public funds and resources associated with government contracts.

The importance of record-keeping transcends personal or financial aspects unrelated to the contract's execution and monitoring, emphasizing its relevance in ensuring effective contract management and oversight.