DFARS 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)

Source: acquisition.gov — DFARS

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