48 CFR § 252.232-7015

48 CFR · Federal Acquisition Regulations System

§ 252.232-7015 — Performance-Based Payments—Representation.

eCFR · current through Aug 7, 2026

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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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]

48 C.F.R. § 252.232-7015 (Performance-Based Payments—Representation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.