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252.232-7015 Performance-Based Payments—Representation.

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Change Number/Effective Date:    DFARS Change 2/24/2021 / 02-24-2021- Download Entire DFARS - HTML PDF


252.232-7015 Performance-Based Payments—Representation.

252.232-7015 Performance-Based Payments—Representation.

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

PERFORMANCE-BASED PAYMENTS—REPRESENTATION (APR 2020)

(a) In accordance with 10 U.S.C. 2307(b)(4)(A), 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)