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part52.dev Federal Acquisition Clause Monitor
This PGI section supplements: DFARS 232.906 · FAR 32.906
The corresponding FAR Part 32 and DFARS Part 232 have been overhauled under the RFO. PGI replacement text is provided in the RFO deviation attachment. View FAR Part 32

Current Content

(a)(i) 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.

(ii) 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.

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