48 C.F.R. § 32.1003

Current through November 30, 2024

Section 32.1003 - Criteria for use

The contracting officer may use performance-based payments for individual orders and contracts provided-

(a) The contracting officer and offeror agree on the performance-based payment terms;

(b) The contract, individual order, or line item is a fixed-price type;

(c) For indefinite delivery contracts, the individual order does not provide for progress payments; and

(d) For other than indefinite delivery contracts, the contract does not provide for progress payments.

48 C.F.R. §32.1003

72 FR 73220 , Dec. 26, 2007