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32.1003 Criteria for use.

32.1003 Criteria for use.

The contracting officer may use performance-based payments for individual orders and contracts provided-

  1. (a) The contracting officer and offeror agree on the performance-based payment terms;

  2. (b) The contract, individual order, or line item is a fixed-price type;

  3. (c) For indefinite delivery contracts, the individual order does not provide for progress payments; and

  4. (d) For other than indefinite delivery contracts, the contract does not provide for progress payments.