As prescribed in 204.7604, use the following provision:
Notice on the Use of the Supplier Performance Risk System (MAR 2023)
Item risk means the probability that a product, based on intended use, will introduce performance risk resulting in safety issues, mission degradation, or monetary loss.
Price risk means a measure of whether a proposed price for a product or service is consistent with historical prices paid for that item or service.
Supplier risk means the probability that an award may subject the procurement to the risk of unsuccessful performance or to supply chain risk (see Defense Federal Acquisition Regulation Supplement 239.7301).
(End of provision)
48 C.F.R. §§252.204-7024