FAR 52.232-2 - Payments under Fixed-Price Research and Development Contracts

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Prescribed in 32.111(a)(2)
Effective Date:	1 April 1984
Clause or Provision:	Clause
Provision or Clause Number:	52.232-2 - Payments under Fixed-Price Research and Development Contracts
Principle Type And/Or Purpose of Contract:
Required:	Fixed Price, R&D
Applicable:
Optional:	Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Indefinite Delivery; Dismantling, Demolition or Removal of Improvements; Leasing of Motor Vehicles; Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service; Cost Reimbursement, Supply; Cost Reimbursement, Service
Subject:	Invoices and Payments
ProcurementType:
Contract Threshold:
Prescription Overview:	Prescription (a) The contracting officer shall insert the following clauses, appropriately modified with respect to payment due dates, in accordance with agency regulations— (2) The clause at 52.232-2, Payment under Fixed-Price Research and Development Contracts, in solicitations and contracts when a fixed-price research and development contract is contemplated;
Clause Overview:	Clause The Government shall pay the Contractor, upon submission of proper invoices or vouchers, the prices stipulated in this contract for work delivered or rendered and accepted, less any deductions provided in this contract. Unless otherwise specified, payment shall be made upon acceptance of any portion of the work delivered or rendered for which a price is separately stated in the contract.
Important Notes/Requirements:
Subcontract Threshold:
Incorporated by Reference:	Yes
Uniform Contract Format:	I
Editor:	Marshall

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Personal notes.