Acceptable contractor business systems and contractor business systems are defined in the clause at 252.242-7005, Contractor Business Systems.
Covered contract means a contract that is subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1 (see the FAR Appendix) (10 U.S.C. 3841 note prec., as amended by section 816 of Pub. L. 112-81).
Significant deficiency is defined in the clause at 252.242-7005, Contractor Business Systems.
48 C.F.R. §242.7000