Title 48

SECTION 252.232-7015

252.232-7015 Performance-Based Payments - Representation.

As prescribed in 232.1005-70(b), use the following provision:

Performance-Based Payments - Representation (APR 2020)

(a) In accordance with 10 U.S.C. 2307(b)(4)(A), 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]