§232.906. Making payments.
48 C.F.R. § 232.906
Generally, the contracting officer shall insert the standard due date of 14 days for interim payments on cost-reimbursement contracts for services in the clause at FAR 52.232-25, Prompt Payment, when using the clause with its Alternate I.
The restrictions of FAR 32.906 prohibiting early payment do not apply to invoice payments made to small business concerns. However, contractors shall not be entitled to interest penalties if the Government fails to make early payment.
Notes, amendments, and revision history
Amendments
[70 FR 75413, Dec. 20, 2005, as amended at 76 FR 23506, Apr. 27, 2011]
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36409, July 31, 1991, unless otherwise noted.
Amendments
[70 FR 75413, Dec. 20, 2005, as amended at 76 FR 23506, Apr. 27, 2011]