CLIN_0001_Performance_Based_Payment_Milestone_Plan.docx
DOCX document 15 KB Posted
- Attached to
- Anechoic Chamber & Installation Federal contract opportunity
- Solicitation number
- N6660419Q2526
About this file
CLIN 0001 Performance Based Payment Milestone Plan
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| Amendment_5_-_Updated_Government_Minimum_Requirements.pdf | ||
| Amendment_5_-_Specification_Spreadsheet.xlsx | XLSX spreadsheet | |
| AMENDMENT_3_-_Updated_Government_Minimum_Requirements.pdf | ||
| Contract_Data_Requirements_List_Redacted.pdf | ||
| Government_Minimum_Requirements.pdf |
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Text version
N66604-19-Q-2526 Performance Based Payments Milestone Plan
| Events |
| Severable or Cumulative |
| Percent |
CLIN 0001
Price Milestone Completion Verification Method
Milestone 1:
Material Ordered
| Severable |
| 25% |
| Contractor provides internal report to Government POC which provides proof that the material was ordered (Purchase Order (PO) number(s) and date issued). Government Point of Contact (POC) reviews and accepts. |
Milestone 2:
Material Received
| Cumulative – based on Milestone 1 |
| 25% |
| Contractor provides internal report to Government POC which provides proof that the material was received against the PO(s) that were placed. Government POC reviews and accepts. |
Milestone 3:
Pre-Installation Testing
| Cumulative – based on Milestone 1 & 2 |
| 30% |
| In accordance with CDRL A001, contractor submits pre-shipment testing report. Government POC reviews and accepts. |
| TOTAL |
| 80% |
NOTE 1
Performance Based Payment events can be of two kinds: severable (i.e., stand-alone) or cumulative (i.e., dependent):
· Severable events do not require the accomplishment of any other events.
· Cumulative events require the prior or concurrent completion of other events in order to be successfully accomplished.
NOTE 2
Contractor Performance Based Payment requests may not be submitted more often than monthly, as the Defense Finance and Accounting Service (DFAS) will only make one payment in a month. This does not mean, however, that a monthly payment request cannot cover payment for more than one payment event. Payment requests must clearly identify the event or events covered by the monthly submission and must refer to the applicable contract provision so that the amount to be paid can be unambiguously determined.
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