52.232-99_Payment_to_Sub-Contractors.pdf

FAR Clause PDF 14 KB Posted

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HYDROGEN GAS DELIVERY-WFO NORTH PLATTE, NE
Solicitation number
WC-133W-13-RQ-0036SLW
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ADDITIONAL CLAUSE

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52.232-99, Providing Accelerated Payment to Small Business Subcontractors

(DEVIATION)

The Contracting Officer shall insert the following clause in all solicitations and resultant contracts.

PROVIDING ACCELERATED PAYMENT TO SMALL BUSINESS

SUBCONTRACTORS

(DEVIATION)(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 11, 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 extent practicable after receipt of a proper invoice and all · proper documentation from the small business subcontractor.

(b) Include the substance of this clause, including paragraph (b), in all subcontracts with small business concerns.

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

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