Working with a set of FAR clauses from an RFP or contract?

Try pasting them into our tool to instantly generate a risk profile, including the basic flow down recommendation.

DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis. Basic (Apr 2014)

As prescribed in 232.1005-70(b), the contracting officer shall include the following clauses with appropriate fill-ins in solicitations and contracts that include performance-based payments: (b) For performance-based payments made on a deliverable-item basis, use the clause at 252.232-7013, Performance-Based Payments--Deliverable-Item Basis.

PERFORMANCE-BASED PAYMENTS-DELIVERABLE-ITEM BASIS (APR 2014)

      (a)  Performance-based payments shall form the basis for the contract financing payments provided under this contract and shall apply to Contract Line Item Numbers (CLIN(s))   [Contracting Officer insert applicable CLIN(s)] . The performance-based payments schedule (Contract Attachment ____) describes the basis for payment, to include identification of the individual payment events, CLINs to which each event applies, evidence of completion, and amount of payment due upon completion of each event.

      (b)(i)  At no time shall cumulative performance-based payments exceed cumulative contract cost incurred under CLIN(s)   [Contracting Officer insert applicable CLIN(s)] . To ensure compliance with this requirement, the Contractor shall, in addition to providing the information required by FAR 52.232-32, submit supporting information for all payment requests using the following format:

Current performance-based payment(s) event(s) addressed by this request:

Contractor shall identify— Amount Totals
(1a) Negotiated value of all previously completed performance-based payment(s) event(s);    
(1b) Negotiated value of the current performance-based payment(s) event(s);    
(1c) Cumulative negotiated value of performance-based payment(s) event(s) completed to date (1a) + (1b);    
(2) Total costs incurred to date;    
(3) Enter the amount from (1c) or (2), whichever is less;    
(4) Cumulative amount of payments previously requested; and    
(5) Payment amount requested for the current performance-based payment(s) event(s) (3) - (4).    

              (ii)  The Contractor shall not submit payment requests more frequently than monthly.

              (iii)  Incurred cost is determined by the Contractor’s accounting books and records, which the contractor shall provide access to upon request of the Contracting Officer for the administration of this clause.

(End of clause)

NONE
Subcontractor ✖ C/R ✖ Time and Materials ✖ (Applies to solicitations and contracts that include performance-based payments.);

Info

Works best with Chrome and Edge browsers!