52.232-40_Providing_Accelerated_Payments.docx

FAR Clause DOCX document 19 KB Posted

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Open Text Inc. EmVision360 Software Maintenance Support
Solicitation number
DTRT5715Q80053
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FAR 52.232-40

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Department of Health and Human Services National Institutes of Health 6
Department of Transportation Immediate Office of the Secretary Transportation 1

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V3111021OpenText_SSJ.pdf PDF
V3111021Specifications.xlsx XLSX spreadsheet
Addendum_to_FAR_Clause_52_212-4.doc DOC document
52.203-98_Prohibition_on_Contracting_with_Entities_that_Require_Certain_Internal_Confidentiality_Agreements_-_Representation.docx DOCX document

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Solicitation No. DTRT5715Q80053

52.232-40 Providing Accelerated Payments to Small Business Subcontractors.

Providing Accelerated Payments to Small Business Subcontractors (Dec 2013)

(a) Upon receipt of accelerated payments from the Government, the Contractor shall make accelerated payments to its small business subcontractors under this contract, to the maximum extent practicable and prior to when such payment is otherwise required under the applicable contract or subcontract, after receipt of a proper invoice and all other required documentation from the small business subcontractor.

(b) The acceleration of payments under this clause does not provide any new rights under the Prompt Payment Act.

(c) Include the substance of this clause, including this paragraph (c), in all subcontracts with small business concerns, including subcontracts with small business concerns for the acquisition of commercial items.

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