As prescribed in 232.1005-70(b), use the provision at 252.232-7015, Performance-Based Payments–Representation, in solicitations where the resulting contract may include performance-based payments.
PERFORMANCE-BASED PAYMENTS—REPRESENTATION (APR 2020)
(a) In accordance with 10 U.S.C. 2307(b)(4)(A), the Contractor’s financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments.
(b) The Offeror represents that its financial statements are [ ] are not [ ] in compliance with Generally Accepted Accounting Principles.
(End of provision)