Common use of Administration of Payments Clause in Contracts

Administration of Payments. In accordance with FAR 52.232-37 "Multiple Payment Arrangement", the following procedures will be used for payment under this contract. Invoices shall be submitted no later than 12 months from completion of work being billed. FFP CLINs or Sub-CLINs - The Government will make maximum use of discrete sub-CLINs for subtasks or project milestones. Work under FFP CLINS or sub-CLINs will be payable upon tender and acceptance under FAR 52.232-1 "Payments" and FAR 52.232-25 "Prompt Payment." The Government may, at its discretion, provide contract financing for individual task orders in the form of performance based payments in accordance with FAR 52.232-32 or progress payments in accordance with FAR 52.232-16 (but see conditions at FAR 32.104(d)). Performance based payments will be preferred over progress payments. CPFF CLINs or Sub-CLINs - Payment for completed and accepted CLINS or sub-CLINs will be at 100% of the allowable cost plus the fixed fee. While work is progressing under CPFF items, the Government will make payments in accordance with FAR 52.216-7 "Allowable Cost and Payment" and FAR 52.232-25 ALT I "Prompt Payment". Fee will be paid in accordance with FAR 52.216-8 and the negotiated fee payment milestone schedule. Necessary Packaging or Marking Instructions will be included at the task order level. CLAUSES INCORPORATED BY REFERENCE 252.201-7000 Contracting Officer's Representative DEC 1991 252.204-7006 Billing Instructions OCT 2005

Appears in 4 contracts

Samples: imlive.s3.amazonaws.com, imlive.s3.amazonaws.com, imlive.s3.amazonaws.com

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Administration of Payments. In accordance with FAR 52.232-37 "Multiple Payment Arrangement", the following procedures will be used for payment under this contract. Invoices shall be submitted no later than 12 months from completion of work being billed. FFP CLINs or Sub-CLINs - The Government will make maximum use of discrete sub-CLINs for subtasks or project milestones. Work under FFP CLINS or sub-CLINs will be payable upon tender and acceptance under FAR 52.232-1 "Payments" and FAR 52.232-25 "Prompt Payment." The Government may, at its discretion, provide contract financing for individual task orders in the form of performance based payments in accordance with FAR 52.232-32 or progress payments in accordance with FAR 52.232-16 (but see conditions at FAR 32.104(d)). Performance based payments will be preferred over progress payments. CPFF CLINs or Sub-CLINs - Payment for completed and accepted CLINS or sub-CLINs will be at 100% of the allowable cost plus the fixed fee. While work is progressing under CPFF items, the Government will make payments in accordance with FAR 52.216-7 "Allowable Cost and Payment" and FAR 52.232-25 ALT I "Prompt Payment". Fee will be paid in accordance with FAR 52.216-8 and the negotiated fee payment milestone schedule. Necessary Packaging or Marking Instructions will be included at the task order level. CLAUSES INCORPORATED BY REFERENCE 52.216-8 Fixed Fee JUN 2011 52.232-1 Payments APR 1984 52.232-25 Prompt Payment JAN 2017 52.232-25 Alt I Prompt Payment (Jan 2017) Alternate I FEB 2002 52.232-37 Multiple Payment Arrangements MAY 1999 252.201-7000 Contracting Officer's Representative DEC 1991 252.204-7006 Billing Instructions OCT 20052005 CLAUSES INCORPORATED BY FULL TEXT 52.216-7 ALLOWABLE COST AND PAYMENT (AUG 2018)

Appears in 1 contract

Samples: imstage.s3.amazonaws.com

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