FAR 14.408-3 Prompt payment discounts
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 14.408-3
- Type
- Subsection
- Last amended
- 70 FR 43580 Effective Aug 26, 2005
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
(a) Prompt payment discounts shall not be considered in the evaluation of bids. However, any discount offered will form a part of the award, and will be taken by the payment center if payment is made within the discount period specified by the bidder. As an alternative to indicating a discount in conjunction with the offer, bidders may prefer to offer discounts on individual invoices.
(b) See 32.111(b)(1), which prescribes the contract clause at 52.232-8, Discounts for Prompt Payment.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Payment Withholding |
Sections cited
- FAR 32.111(b)(1) Contract clauses for non-commercial purchases
- FAR 52.232-8 Discounts for Prompt Payment
Quick answers
What is FAR 14.408-3?
FAR 14.408-3 is a subsection of the Federal Acquisition Regulation, titled "Prompt payment discounts".
When was FAR 14.408-3 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Payment Withholding" (70 FR 43580), published Jul 27, 2005 and effective Aug 26, 2005.
Are changes to FAR 14.408-3 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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