Common Contracts

Prepaid for Non-Federal Rate-Based Contract

Non-Federal Rate-Based Contract • February 24th, 2020

• Contract Type
  Non-Federal Rate-Based Contract
• Filed
  February 24th, 2020

There are some agreements which require the customer to pay their portion of project costs in advance of work being initiated on the project. In these cases, the advance payment from the customer is considered a prepaid.