252.232-7015 Performance-Based Payments—Representation.
Prescription and Applicability
DFARS Prescription, 232.1005-70(b)
(b) Use the provision at 252.232-7015, Performance-Based Payments-Representation, in solicitations where the resulting contract may include performance-based payments.
Current Text
252.232-7015 Performance-Based Payments—Representation.
As prescribed in 232.1005-70(b), use the following provision:
Performance-Based Payments—Representation (DEC 2022)
(a) In accordance with 10 U.S.C. 3802(c), 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)
[85 FR 19691, Apr. 8, 2020, as amended at 87 FR 76998, Dec. 16, 2022]
Active Class Deviations Affecting This Clause
Class Deviation 2026-O0022, DFARS RFO Implementation (Part 32)
- Status: Active
- Date Issued: 2026-02-01
- Change type: MODIFIED
- Action: Modified by RFO class deviation
Suggested Questions
You can ask your AI assistant:
- Should I include this provision in my solicitation?
- Does this clause apply to commercial acquisitions?
- Does this clause apply to R&D contracts under Part 35?
- Which alternate should I use for a multiple-award contract?
- Are there any active Class Deviations that modify this clause?
- What changed in the most recent amendment?