FAR 52.232-99 Deviation.PDF
PDF 324 KB Posted
- Solicitation number
- GS-09P-12-KS-D-0077
About this file
Added FAR 52.232-99 Providing Accelerated Payment to Small Business Subcontractors (DEVIATION) )AUG 2012)
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Text version
cS-09-P-1 2-KS-D-0077 Amendment 02
Among other things, adds the following clause:
52.232-99, Providing Accelerated Payment to Small Business Subcontractors
PROVIDING ACCELERATED PAYMENT TO SMALL BUSINESS SUBCONTRACTORS
(DEVrArroN) (AUG 2012) This clause implements the temporary policy provided by OMB Policy Memorandum M-12-16, Providing Prompt Payment to Small Business Subcontractors, dated July 1 1,2012.
(a) Upon receipt of accelerated payments from the Government, the contractor is required to make accelerated payments to small business subcontractors to the maximum exrent practicable after receipt of a proper invoice and all proper documentation from the small business subcontractor.
(b) Include the substance of this clause, including this paragraph (b), in all subcontracts with small business concems.
(c) The acceleration of payments under this clause does not provide any new rights under the Prompt Payment Act.
File details come from the government source that posted it. Updated .