CAF Payment Data Clause Samples
CAF Payment Data. The Contractor shall remit the CAF in U.S. dollars to GSA within 30 calendar days after the end of each calendar quarter for all invoice payments received during that calendar quarter as follows: Calendar Quarters CAF Due Date 1st Quarter January 1st – March 31st No later than April 30th 2nd Quarter April 1st – June 30th No later than July 30th 3rd Quarter July 1st – September 30th No later than October 30th 4th Quarter October 1st – December 31st No later than January 30th Failure to remit the full amount of the CAF within 30 calendar days after the end of the applicable reporting period constitutes a contract debt to the United States Government under the terms of FAR Subpart 32.6, Contact Debts. In addition, the Government may exercise all rights under the Debt Collection Improvement Act of 1996, including withholding or off setting payments and interest on the debt. The Contractor’s failure to accurately and timely remit the CAF is sufficient cause for the Government to Off-Ramp the Contractor (See Section H.17.) CAF Payment Data shall include:
1. Trace Number
2. Total Remitted Amount
3. Remit Date
4. Amount applied to each Task Order Number (for the reported payment) Contractors are encouraged to submit CAF payments electronically using ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇ via the CPRM system only,
CAF Payment Data. The Contractor shall remit the CAF in U.S. dollars to GSA within 30 calendar days after the end of each calendar quarter for all invoice payments received during that calendar quarter as follows: 1st Quarter January 1st – March 31st No later than April 30th 2nd Quarter April 1st – June 30th No later than July 30th 3rd Quarter July 1st – September 30th No later than October 30th 4th Quarter October 1st – December 31st No later than January 30th Failure to remit the full amount of the CAF within 30 calendar days after the end of the applicable reporting period constitutes a contract debt to the United States Government under the terms of FAR Subpart 32.6, Contact Debts. In addition, the Government may exercise all rights under the Debt Collection Improvement Act of 1996, including withholding or off setting payments and interest on the debt. The Contractor’s failure to accurately and timely remit the CAF is sufficient cause for the Government to Off-Ramp the Contractor (See Section H.17.) CAF Payment Data shall include:
1. Trace Number
2. Total Remitted Amount
3. Remit Date
4. Amount applied to each Task Order Number (for the reported payment) Contractors are encouraged to submit CAF payments electronically using ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇ via the CPRM system only.
CAF Payment Data. The contractor shall report CAF payment data within 14 calendar days following each monetary transfer. CAF payment data includes, but is not limited to:
(1) Total Remitted Amount
(2) Remit Date
(3) Transfer Confirmation Number
(4) Amount applied to each Task Order Number (for the reported payment) The Contractor shall convert all currency to U.S. dollars using the “Treasury Reporting Rates of Exchange,” issued by the U.S. Department of Treasury, Financial Management Service.
CAF Payment Data. The Contractor shall remit the CAF in U.S. dollars to GSA within 30 calendar days after the end of each calendar quarter for all invoice payments received during that calendar quarter as follows: 1st Quarter January 1st – March 31st April 30th 2nd Quarter April 1st – June 30th July 30th 3rd Quarter July 1st – September 30th October 30th 4th Quarter October 1st – December 31st January 30th Where CAF for multiple invoice payments (on one or more task orders) is due, the Contractor may consolidate the CAF owed into one payment. Failure to remit the full amount of the CAF within 30 calendar days after the end of the applicable reporting period constitutes a contract debt to the United States Government under the terms of FAR Subpart 32.6, Contact Debts. In addition, the Government may exercise all rights under the Debt Collection Improvement Act of 1996, including withholding or offsetting payments and interest on the debt. The Contractor’s failure to accurately and timely remit the CAF is sufficient cause for the Government to Off-Ramp the Contractor (See Section H.36.6 Off-Ramping). CAF Payment Data shall include:
1. Trace Number
2. Total Remitted Amount
3. Remit Date
4. Amount applied to each Task Order Number (for the reported payment)
CAF Payment Data. The contractor shall report all CAF payments, in the CPRM (▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇.▇▇▇) system within 30 calendar days after the end of the reporting quarter. It is essential that the contractor submit CAF payments based on reported Invoice data. Additionally, if CAF payment adjustments are made (such as those resulting from paid invoices not matching accepting invoices that were reported), the contractor must adjust CAF payment data AND purchase data in the CPRM to ensure that they reconcile. (Refer to Purchase Data) CAF and Invoice Data Reporting shall be based on calendar year, quarterly reporting. 1st Quarter January 1st – March 31st April 30th 2nd Quarter April 1st – June 30th July 30th 3rd Quarter July 1st – September 30th October 30th 4th Quarter October 1st – December 31st January 30th CAF payment data includes, but is not limited to: