Code of Federal Regulations · Section
§ 252.232-7015 — 252.232-7015 Performance-based Payments—Representation
48 C.F.R. § 252.232-7015
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As prescribed in 232.1005-70(b), use the following provision:
(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.
Authorizing Statute
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Payment10 U.S.C. § 3802
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Functions and authority41 U.S.C. § 1303