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<!DOCTYPE dita
  PUBLIC "-//OASIS//DTD DITA Composite//EN" "ditabase.dtd">
<dita xmlns:ditaarch="http://dita.oasis-open.org/architecture/2005/"
      ditaarch:DITAArchVersion="1.2">
   <concept id="i1875027"
            audience="GSAR"
            ditaarch:DITAArchVersion="1.2"
            class="- topic/topic concept/concept ">
      <title xtrc="GSAR" class="- topic/title ">
         <ph props="autonumber" class="- topic/ph ">552.270-31</ph> Prompt
Payment.</title>
      <conbody class="- topic/body  concept/conbody ">
         <p audience="GSAR" class="- topic/p ">As prescribed in <xref href="GSAM-i1855352.dita#i1855352"
                  outputclass="fm:ParaNumOnly"
                  class="- topic/xref ">570.703</xref> insert
the following clause:</p>
         <p audience="GSAR" outputclass="Ctr_SmCaps" class="- topic/p ">Prompt Payment (Jun
2011)</p>
         <p audience="GSAR" class="- topic/p ">The Government will make payments under the
terms and conditions specified in this clause. Payment shall be
considered as being made on the day a check is dated or an electronic
funds transfer is made. All days referred to in this clause are
calendar days, unless otherwise specified.</p>
         <ol id="d925e25" class="- topic/ol ">
            <li props="Runin" audience="GSAR" class="- topic/li ">
               <p id="d917e29" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(a)</ph>
                  
                    <i class="+ topic/ph hi-d/i ">Payment
due date</i>.</p>
               <ol id="d925e38" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e42" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          Rental
payments. Rent shall be paid monthly in arrears and will be due
on the first workday of each month, and only as provided for by
the lease.</p>
                     <ol id="d925e48" class="- topic/ol ">
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e52" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(i)</ph>
                              
                                When
the date for commencement of rent falls on the 15th day of the month
or earlier, the initial monthly rental payment under this contract
shall become due on the first workday of the month following the
month in which the commencement of the rent is effective.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e61" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(ii)</ph>
                              
                                When the date for commencement
of rent falls after the 15th day of the month, the initial monthly
rental payment under this contract shall become due on the first
workday of the second month following the month in which the commencement
of the rent is effective.</p>
                        </li>
                     </ol>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e72" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                          <i class="+ topic/ph hi-d/i ">Other payments</i>.
The due date for making payments other than rent shall be the later
of the following two events:</p>
                     <ol id="d925e81" class="- topic/ol ">
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e85" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(i)</ph>
                              
                                The 30th day after the
designated billing office has received a proper invoice from the
Contractor.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e94" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(ii)</ph>
                              
                                 The 30th day after
Government acceptance of the work or service. However, if the designated
billing office fails to annotate the invoice with the actual date
of receipt, the invoice payment due date shall be deemed to be the
30th day after the Contractor’s invoice is dated, provided a proper
invoice is received and there is no disagreement over quantity,
quality, or Contractor compliance with contract requirements.</p>
                        </li>
                     </ol>
                  </li>
               </ol>
            </li>
            <li props="Runin" audience="GSAR" class="- topic/li ">
               <p id="d917e107" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(b)</ph>
                  
                    <i class="+ topic/ph hi-d/i ">Invoice
and inspection requirements for payments other than rent</i>.</p>
               <ol id="d925e116" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e120" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          The
Contractor shall prepare and submit an invoice to the designated
billing office after completion of the work. A proper invoice shall
include the following items:</p>
                     <ol id="d925e126" class="- topic/ol ">
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e130" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(i)</ph>
                              
                                Name and address of
the Contractor.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e139" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(ii)</ph>
                              
                                Invoice date.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e148" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(iii)</ph>
                              
                                Lease number.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e157" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(iv)</ph>
                              
                                Government’s order
number or other authorization.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e166" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(v)</ph>
                              
                                Description, price,
and quantity of work or services delivered.</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e176" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(vi)</ph>
                              
                                Name and address of
Contractor official to whom payment is to be sent (must be the same
as that in the remittance address in the lease or the order).</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e185" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(vii)</ph>
                              
                                Name (where practicable),
title, phone number, and mailing address of person to be notified
in the event of a defective invoice.</p>
                        </li>
                     </ol>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e196" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                          The Government will
inspect and determine the acceptability of the work performed or
services delivered within seven days after the receipt of a proper
invoice or notification of completion of the work or services unless
a different period is specified at the time the order is placed.
If actual acceptance occurs later, for the purpose of determining
the payment due date and calculation of interest, acceptance will
be deemed to occur on the last day of the seven day inspection period.
If the work or service is rejected for failure to conform to the
technical requirements of the contract, the seven days will be counted
beginning with receipt of a new invoice or notification. In either
case, the Contractor is not entitled to any payment or interest
unless actual acceptance by the Government occurs.</p>
                  </li>
               </ol>
            </li>
            <li props="Runin" audience="GSAR" class="- topic/li ">
               <p id="d917e207" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(c)</ph>
                  
                    <i class="+ topic/ph hi-d/i ">Interest
Penalty</i>.</p>
               <ol id="d925e216" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e220" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          An
interest penalty shall be paid automatically by the Government,
without request from the Contractor, if payment is not made by the
due date.</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e229" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                          The interest penalty
shall be at the rate established by the Secretary of the Treasury
under Section 12 of the Contract Disputes Act of 1978 (41 U.S.C.
611) that is in effect on the day after the due date. This rate
is referred to as the “Renegotiation Board Interest Rate,” and it
is published in the <i class="+ topic/ph hi-d/i ">Federal Register</i> semiannually on or about
January 1 and July 1. The interest penalty shall accrue daily on
the payment amount approved by the Government and be compounded
in 30-day increments inclusive from the first day after the due
date through the payment date.</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e241" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(3)</ph>
                        
                         Interest penalties will not continue
to accrue after the filing of a claim for such penalties under the
clause at 52.233-1, Disputes, or for more than one year. Interest
penalties of less than $1.00 need not be paid.</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e250" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(4)</ph>
                        
                         Interest penalties are not required
on payment delays due to disagreement between the Government and
Contractor over the payment amount or other issues involving contract
compliance or on amounts temporarily withheld or retained in accordance
with the terms of the contract. Claims involving disputes, and any
interest that may be payable, will be resolved in accordance with
the clause at 52.233-1, Disputes.</p>
                  </li>
               </ol>
            </li>
            <li audience="GSAR" class="- topic/li ">
               <p id="d917e261" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(d)</ph>
                  
                    <i class="+ topic/ph hi-d/i ">Overpayments</i>.
If the Lessor becomes aware of a duplicate payment or that the Government
has otherwise overpaid on a payment, the Contractor shall—</p>
               <ol id="d925e270" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e274" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          Return
the overpayment amount to the payment office cited in the contract
along with a description of the overpayment including the—</p>
                     <ol id="d925e280" class="- topic/ol ">
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e284" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(i)</ph>
                              
                                Circumstances
of the overpayment (<i class="+ topic/ph hi-d/i ">e.g.</i>, duplicate payment, erroneous payment,
liquidation errors, date(s) of overpayment);</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e296" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(ii)</ph>
                              
                                Affected lease number;</p>
                        </li>
                        <li audience="GSAR" class="- topic/li "> 
                           <p id="d917e305" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(iii)</ph>
                              
                                Affected lease line
item or subline item, if applicable; and</p>
                        </li>
                        <li audience="GSAR" class="- topic/li ">
                           <p id="d917e314" audience="GSAR" class="- topic/p ">
                              <ph props="autonumber" class="- topic/ph ">(iv)</ph>
                              
                                Lessor point of contact.</p>
                        </li>
                     </ol>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d917e325" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                          Provide a copy of the
remittance and supporting documentation to the Contracting Officer.</p>
                  </li>
               </ol>
            </li>
         </ol>
         <p audience="GSAR" outputclass="Endofclause" class="- topic/p ">(End of clause)</p>
         <p audience="GSAR" class="- topic/p ">
            <i class="+ topic/ph hi-d/i ">AlternateI (Sep1999)</i>. If Alternate I
is used, subparagraph (a)(1) of the basic clause should be designated
as paragraph (a) and subparagraph (a)(2) and paragraph (b) should
be deleted. Paragraph (c) of the basic clause should be redesignated
as (b).</p>
      </conbody>
   </concept>
</dita>
