Current through September 30, 2024
Section 52.242-2 - Production Progress ReportsAs prescribed in 42.1107(a), insert the following clause;
Production Progress Reports (APR 1991)
(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. (End of clause)
48 FR 42478, Sept. 19, 1983, as amended at 56 FR 15156, Apr. 15, 1991