Common use of Problem Reports Clause in Contracts

Problem Reports. Seller shall provide a detailed report, notifying Boeing of program problems/issues that could impact Seller's ability to deliver Products on time and otherwise in conformance with the terms of the GTA and SBP. The report shall contain a detailed description of the problem, impact on the program or affected tasks, and corrective/remedial action, with a recovery schedule. Submittal of a report in no way relieves Seller of any obligations under the GTA and SBP nor does it constitute a waiver of any rights and remedies Boeing may have with respect to any default. Problem reports shall be submitted to the Boeing Procurement Representative within twenty-four (24) hours of known problem to Seller. Where problems arise prior to a normal status reporting date, Seller shall report said events immediately or within 24 hours. Status reports shall include, but are not limited to, the following topics: A. Delivery schedule updates, schedule impact issues and corrective action; B. Technical/manufacturing progress since the previous report period, including significant accomplishments, breakthroughs, problems and solutions; C. Identification of changes to key manpower or staffing levels; D. Identification of the critical events/activities expected within the next month and a discussion of potential risk factors; E. Progress on open Action Items, including closure dates; F. Purchased components and raw material status;

Problem Reports. Seller shall provide a detailed report, notifying Boeing Spirit of program problems/issues that could impact Seller's ’s ability to deliver Products on time and otherwise in conformance with the terms of the GTA and SBP. The report shall contain a detailed description of the problem, impact on the program or affected tasks, and corrective/remedial action, with a recovery schedule. Submittal of a report in no way relieves Seller of any obligations under the GTA and SBP nor does it constitute a waiver of any rights and remedies Boeing Spirit may have with respect to any default. Problem reports shall be submitted to the Boeing Spirit Procurement Representative within twenty-four (24) hours of known problem to Seller. Where problems arise prior to a normal status reporting date, Seller shall report said events immediately or within 24 hours. Status reports shall include, but are not limited to, the following topics: A. Delivery schedule updates, schedule impact issues and corrective action; B. Technical/manufacturing progress since the previous report period, including significant accomplishments, breakthroughs, problems and solutions; C. Identification of changes to key manpower or staffing levels; D. Identification of the critical events/activities expected within the next month and a discussion of potential risk factors; E. Progress on open Action Items, including closure dates; F. Purchased components and raw material status; G. Identification of Quality issues and resolutions; H. Manufacturing and Quality inspection progress of First Article products; I. Status on tool design and fabrication, as applicable, until completion; Special Business Provisions Seller’s Name: LMI Aerospace, Inc. T6B2-YB001940 INITIALS: J. Inventory status of castings and forgings procured by Seller (if applicable).