Performance-Based Payments--Representation

PART 232—CONTRACT FINANCING

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SUBPART 232.10--PERFORMANCE-BASED PAYMENTS

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232.1005-70 Solicitation provisions and contract clauses.

(b) Use the provision at 252.232-70xx, Performance-Based Payments—Representation, in solicitations where the resulting contract may include performance-based payments.

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PART 252—SOLICITATION PROVISIONS AND CONTRACT CLAUSES

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252.232-70xx Performance-Based Payments—Representation

As prescribed in 232.1005-70(b), use the following provision:

PERFORMANCE-BASED PAYMENTS-REPRESENTATION ([DATE])

(a) In accordance with 10 U.S.C. 2307(b), the output of a contractor’s accounting system shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments.

(b) The Offeror represents that the output of its accounting system is [ ] is not [ ] in compliance with Generally Accepted Accounting Principles, as evidenced by audited financial statements.