Common use of Withholding of Incremental and Provisional Fee Payments Clause in Contracts

Withholding of Incremental and Provisional Fee Payments. If the Contractor demonstrates adverse performance, the Contracting Officer reserves the unilateral discretion to withhold Incremental and Provisional Fee Payments. Withheld Fee Payments are not subject to interest for the amount(s) of the withheld fee payment(s) under 5 CFR 1315, Prompt Payment.

Appears in 8 contracts

Samples: Contract, Contract, Contract

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!