FAR 52.232-14 - Notice of Availability of Progress Payments Exclusively for Small Business Concerns

From Knowledge base
Jump to: navigation, search
***

Prescribed in 32.502-3(b)(2)

Effective Date:1 April 1984
Clause or Provision:Provision
Provision or Clause Number: 52.232-14 - Notice of Availability of Progress Payments Exclusively for Small Business Concerns

Principle Type And/Or Purpose of Contract:
Required:
Applicable:Facilities; Fixed Price, Supply; Communication Services; Leasing of Motor Vehicles; Fixed Price, Construction; Fixed Price, Service; Fixed Price, R&D; Indefinite Delivery; Transportation
Optional:Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Dismantling, Demolition or Removal of Improvements; Time & Material/Labor Hour; Cost Reimbursement, Construction; Cost Reimbursement, Supply; Cost Reimbursement, Service
Subject:Invoices and Payments
ProcurementType:
Contract Threshold:
Prescription Overview:

Prescription

(2) The contracting officer shall insert the provision at 52.232-14, Notice of Availability of Progress Payments Exclusively for Small Business Concerns, in invitations for bids if it is anticipated that—

(i) Both small business concerns and others may submit bids in response to the same invitation; and
(ii) Only the small business bidders would need progress payments.
Clause Overview:

Provision

The Progress Payments clause will be available only to small business concerns. Any bid conditioned upon inclusion of a progress payment clause in the resulting contract will be rejected as nonresponsive if the bidder is not a small business concern.

Important Notes/Requirements:

"May be included in solicitations if it is anticipated that both small businesses and others may submit bids in response to the same invitation.

Subcontract Threshold:
Incorporated by Reference:Yes
Uniform Contract Format:L
Editor:Marshall

Personal notes.