EDDY_CURRENT_Interim_Payments.doc

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Attached to
Eddy Current Non-Destructive Inspection System Federal contract opportunity
Solicitation number
N68335-18-R-0098
Issued by
Department of the Navy Naval Air Systems Command Naval Air Warfare Center

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Contract Financing

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COMMERICIAL INTERIM FINANCING TABLE

REPLACE NDT-176 AUTOMATED EDDY CURRENT INSPECTION SYSTEM (BUILDING 4026)

MILESTONE PAYMENT

DESCRIPTION

ACCOMPLISHMENT

EXPECTED

METHOD OF VERIFICATION
MILESTONE

PAYMENT PERCENTAGE

Joint Pre-Installation Review
Completion of JDR (Paragraph 4.6.1); First Submission due no later than 30 days prior to delivery of equipment
Email from COR/TPOC to CO verifying completion
20%
Joint Requirements Review
Completion of PDR (Paragraph 4.6.2)
Email from COR/TPOC to CO verifying completion
20%
Plan of Action and Milestones
Completion and acceptance of (Paragraph 3.6.4), Plan of Action and Milestones (POA&M)
Email from COR/TPOC to CO verifying completion
5%
Operator Training, Maintenance Training, Mechanical Maintenance, Electrical and Electronic Maintenance and Calibration
Completion and acceptance of Operator Training (Paragraph 3.8.1) and Maintenance Training (Paragraph 3.8.2), Mechanical Maintenance (3.8.2.1), Electrical and Electronic Maintenance (Paragraph 3.8.2.2) and Calibration Training (Paragraph 3.8.2.3)
Email from COR/TPOC to CO verifying completion
5%
Delivery of Equipment
Completion of (Paragraph 3.10), Delivery. Delivery of equipment and all associated items within 180 calendar days
Email from COR/TPOC to CO verifying completion
20%

SUBTOTAL OF MILESTONE PAYMENTS

70%

BALANCE UPON COMPLETION OF REMAINING DELIVERABLES, INSTALLATION, OPEN ACTION ITEMS, FINAL ACCEPTANCE TEST, & TRAINING
LAST DELIVERABLES RECEIVED; INSTALLATION COMPLETED ALL OPEN ACTION ITEMS COMPLETED, FAT & TRAINING COMPLETED
Email from COR/TPOC to CO verifying completion
30%

Special Note: Contract financing payments will be authorized for 70% of the total contract value. The remaining 30% balance of the contract value may be invoiced after completion of all remaining contact requirements including, installation, Final Acceptance Testing, training, submittal of all remaining documentation, and satisfactory completion of all punch list items.

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