DFARS 252.232-7004 DoD Progress Payment Rates
From Knowledge base
Prescribed in 232.502-4-70(b) | ||
| Effective Date: | 1 October 2014 | |
| Clause or Provision: | Clause | |
| Provision or Clause Number: | S 252.232-7004 DoD Progress Payment Rates | |
| Principle Type And/Or Purpose of Contract: | ||
| Required: | ||
| Applicable: | ||
| Optional: | ||
| Subject: | Invoices and Payments | |
| ProcurementType: | ||
| Contract Threshold: | ||
| Prescription Overview: |
Prescription(b) Use the clause at 252.232-7004, DoD Progress Payment Rates, instead of Alternate I of the clause at FAR 52.232-16, if the contractor is a small business concern. | |
| Clause Overview: |
ClauseDOD PROGRESS PAYMENT RATES (OCT 2014)If the Contractor is a small business concern, the Progress Payments clause of this contract is modified to change each mention of the progress payment rate and liquidation rate (excepting paragraph (k), Limitations on Undefinitized Contract Actions) to 90 percent. | |
| Important Notes/Requirements: | ||
| Subcontract Threshold: | ||
| Incorporated by Reference: | Yes | |
| Uniform Contract Format: | ||
| Editor: | Marshall | |
Personal notes.
