252.232-7015

Performance-Based Payments—Representation. 252.232-7015

Effective 11/10/2025 · Subpart 232

Full Text

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

PERFORMANCE-BASED PAYMENTS—REPRESENTATION (DEC 2022)

(a) In accordance with 10 U.S.C. 3802(c), the Contractor’s financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments.

(b) The Offeror represents that its financial statements are [] are not [] in compliance with Generally Accepted Accounting Principles.

(End of provision)