Code of Federal Regulations · Section
§ 52.242-2 — 52.242-2 Production Progress Reports
48 C.F.R. § 52.242-2
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As prescribed in 42.1107(a), insert the following clause;
(a) The Contractor shall prepare and submit to the Contracting Officer the production progress reports specified in the contract Schedule.
(b) During any delay in furnishing a production progress report required under this contract, the Contracting Officer may withhold from payment an amount not exceeding $25,000 or 5 percent of the amount of this contract, whichever is less.
Authorizing Statute
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Chapter 137 legacy provisions10 U.S.C. § 3016
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Administrative40 U.S.C. § 121
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General authority41 U.S.C. § 1121
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Powers of the Administration in performance of functions51 U.S.C. § 20113