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DFARS 252.232-7004 DoD Progress Payment Rates. Basic (Oct 2014)

As prescribed in 232.502-4-70(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 or small disadvantaged business concern.

DOD 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.

(End of clause)

NONE
Large business ✖ Subcontractor ✖ 
✔ >52.232-16 Alt I

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