48 CFR · Federal Acquisition Regulations System
§ 252.232-7015 — Performance-Based Payments—Representation.
48 CFR § 252.232-7015
TitleTitle 48: Federal Acquisition Regulations SystemPartPart 252: Solicitation Provisions and Contract Clauses
SourceeCFR (current through May 7, 2026)
This text of 48 C.F.R. § 252.232-7015 (Performance-Based Payments—Representation.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
48 C.F.R. § 252.232-7015 (2026).
Text
252.232-7015 Performance-Based Payments—Representation. As prescribed in 232.1005-70(b), use the following provision: Performance-Based Payments—Representation (DEC 2022)
(a)In accordance with 10 U.S.C. 3802(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments.
(b)The Offeror represents that its financial statements are [ ] are not [ ] in compliance with Generally Accepted Accounting Principles.
(End of provision)
[85 FR 19691, Apr. 8, 2020, as amended at 87 FR 76998, Dec. 16, 2022]
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Related
§ 3802
10 U.S.C. § 3802
Nearby Sections
11
§ 252.232-7010
Levies on Contract Payments.§ 252.232-7012
Performance-Based Payments—Whole-Contract Basis.§ 252.232-7013
Performance-Based Payments—Deliverable-Item Basis.§ 252.232-7014
252.232-7014 [Reserved]§ 252.232-7015
Performance-Based Payments—Representation.§ 252.232-7017
252.232-7017 [Reserved]§ 252.232-7018
Progress Payments—Multiple Lots.§ 252.233-7000
252.233-7000 [Reserved]§ 252.233-7001
Choice of law (overseas).Cite This Page — Counsel Stack
Bluebook (online)
48 C.F.R. § 252.232-7015, Counsel Stack Legal Research, https://law.counselstack.com/cfr/48/252/252.232-7015.