Sec.
Subpart 1032.1—Non-Commercial Item Purchase Financing
1032.113 Customary contract financing.
Subpart 1032.2—Commercial Item Purchase Financing
1032.202 General.
1032.202-1 Policy.
Subpart 1032.70—Electronic Submission and Processing of Payment Requests
1032.7000 Scope of subpart.
1032.7001 Definitions.
1032.7002 Policy.
1032.7003 Contract clause.
Authority: 41 U.S.C. 418b.
Source: 76 FR 42057, July 18, 2011, unless otherwise noted.
Subpart 1032.1—Non-Commercial Item Purchase Financing
1032.113 Customary contract financing.
The specified arrangements are considered customary within Treasury.
Subpart 1032.2—Commercial Item Purchase Financing
(b)(2) Commercial interim payments and commercial advance payments may also be made when the contract price is at or below the simplified acquisition threshold.
Subpart 1032.70—Electronic Submission and Processing of Payment Requests
Source: 77 FR 40304, July 9, 2012, unless otherwise noted.
This subpart prescribes policies and procedures for electronic submission and processing of payment requests.
“Payment request,” as used in this subpart, is defined in the clause at 1052.232–7003, Electronic Submission of Payment Requests.
(a) Contracts awarded after October 1, 2012, shall require the electronic submission of payment requests, except for—
(1) Purchases paid for with a Government-wide commercial purchase card;
(2) Classified contracts or purchases when electronic submission and processing of payment requests could compromise classified information or national security;
(b) Where a contract otherwise requires the electronic submission of invoices, the Contracting Officer may authorize alternate procedures only if the Contracting Officer makes a written determination that:
(1) The Department of the Treasury is unable to receive electronic payment requests or provide acceptance electronically;
(2) The contractor has demonstrated that electronic submission would be unduly burdensome; or
(3) The contractor is in the process of transitioning to electronic submission of payment requests, but needs additional time to complete such transition. Authorizations granted on this basis must specify a date by which the contractor will transition to electronic submission.
(c) Except as provided in paragraphs (a) and (b) of this section, Treasury officials shall process electronic payment submissions through the Treasury Internet Payment Platform or successor system.
(d) If the requirement for electronic submission of payment requests is waived under paragraph (a)(2) or paragraph (b) of this section, the contract or alternate payment authorization, as applicable, shall specify the form and method of payment request submission.
Except as provided in 1032.7002(a), use the clause at 1052.232–7003, Electronic Submission of Payment Requests—Internet Payment Platform, in solicitations issued and contracts awarded after October 1, 2012.