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The Government will make payments to the Contractor when requested as work progresses, but (except for small business concerns) not more often than once every 2 weeks, in amounts determined to be allowable by the Contracting Officer in accordance with Federal Acquisition Regulation (FAR) <xref base="i1084539"
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href="Subpart_31.2.dita#FAR_Subpart_31_2"
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outputclass="fm:Subpart">subpart
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outputclass="fm:Subpart">subpart 31.2</xref> in effect on the date of this contract and the terms of this contract. The Contractor may submit to an authorized representative of the Contracting Officer, in such form and reasonable detail as the representative may require, an invoice or voucher supported by a statement of the claimed allowable cost for performing this contract.</p>
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<p class="- topic/p " id="d3235e71">
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<ph class="- topic/ph " props="autonumber">(ii)</ph>
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When the Contractor is not delinquent in paying costs of contract performance in the ordinary course of business, costs incurred, but not necessarily paid, for
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When the Contractor is not delinquent in paying costs of contract performance in the ordinary course of business, costs incurred, but not necessarily paid, for—</p>
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<p class="- topic/p " id="d3235e88">
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<ph class="- topic/ph " props="autonumber">(2)</ph>
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Ordinarily within 30 days of the submission of the Contractor
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Ordinarily within 30 days of the submission of the Contractor's payment request to the Government;</p>
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<p class="- topic/p " id="d3235e93">
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<ph class="- topic/ph " props="autonumber">(B)</ph>
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Materials issued from the Contractor
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Materials issued from the Contractor's inventory and placed in the production process for use on the contract;</p>
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<p class="- topic/p " id="d3235e123">
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<ph class="- topic/ph " props="autonumber">(2)</ph>
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Accrued costs of Contractor contributions under employee pension plans shall be excluded until actually paid unless
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Accrued costs of Contractor contributions under employee pension plans shall be excluded until actually paid unless—</p>
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<ph class="- topic/ph " props="autonumber">(i)</ph>
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The Contractor
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The Contractor's practice is to make contributions to the retirement fund quarterly or more frequently; and</p>
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<p class="- topic/p " id="d3235e134">
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<ph class="- topic/ph " props="autonumber">(ii)</ph>
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The contribution does not remain unpaid 30 days after the end of the applicable quarter or shorter payment period (any contribution remaining unpaid shall be excluded from the Contractor
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The contribution does not remain unpaid 30 days after the end of the applicable quarter or shorter payment period (any contribution remaining unpaid shall be excluded from the Contractor's indirect costs for payment purposes).</p>
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<p class="- topic/p " id="d3235e144">
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<ph class="- topic/ph " props="autonumber">(4)</ph>
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Any statements in specifications or other documents incorporated in this contract by reference designating performance of services or furnishing of materials at the Contractor
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Any statements in specifications or other documents incorporated in this contract by reference designating performance of services or furnishing of materials at the Contractor's expense or at no cost to the Government shall be disregarded for purposes of cost-reimbursement under this clause.</p>
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Final annual indirect cost rates and the appropriate bases shall be established in accordance with <xref base="i1075062"
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class="- topic/xref "
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href="Subpart_42.7.dita#FAR_Subpart_42_7"
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outputclass="fm:Subpart">subpart
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outputclass="fm:Subpart">subpart 42.7</xref> of the Federal Acquisition Regulation (FAR) in effect for the period covered by the indirect cost rate proposal.</p>
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<ph class="- topic/ph " props="autonumber">(ii)</ph>
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The proposed rates shall be based on the Contractor
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The proposed rates shall be based on the Contractor's actual cost experience for that period. The appropriate Government representative and the Contractor shall establish the final indirect cost rates as promptly as practical after receipt of the Contractor's proposal.</p>
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<p class="- topic/p " id="d3235e311">
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<ph class="- topic/ph " props="autonumber">(D)</ph>
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Description of accounting system (excludes contractors required to submit a CAS Disclosure Statement or contractors where the description of the accounting system has not changed from the previous year
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Description of accounting system (excludes contractors required to submit a CAS Disclosure Statement or contractors where the description of the accounting system has not changed from the previous year's submission).</p>
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<ph class="- topic/ph " props="autonumber">(E)</ph>
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Procedures for identifying and excluding unallowable costs from the costs claimed and billed (excludes contractors where the procedures have not changed from the previous year
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Procedures for identifying and excluding unallowable costs from the costs claimed and billed (excludes contractors where the procedures have not changed from the previous year's submission).</p>
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<p class="- topic/p " id="d3235e403">
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<ph class="- topic/ph " props="autonumber">(i)</ph>
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If the Contractor fails to submit a completion invoice or voucher within the time specified in paragraph (d)(5) of this clause, the Contracting Officer may
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If the Contractor fails to submit a completion invoice or voucher within the time specified in paragraph (d)(5) of this clause, the Contracting Officer may—</p>
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<p class="- topic/p " id="d3235e424">
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<ph class="- topic/ph " props="autonumber">(e)</ph>
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<i class="+ topic/ph hi-d/i ">Billing rates</i>. Until final annual indirect cost rates are established for any period, the Government shall reimburse the Contractor at billing rates established by the Contracting Officer or by an authorized representative (the cognizant auditor), subject to adjustment when the final rates are established. These billing rates
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<i class="+ topic/ph hi-d/i ">Billing rates</i>. Until final annual indirect cost rates are established for any period, the Government shall reimburse the Contractor at billing rates established by the Contracting Officer or by an authorized representative (the cognizant auditor), subject to adjustment when the final rates are established. These billing rates—</p>
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<p class="- topic/p " id="d3235e437">
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<ph class="- topic/ph " props="autonumber">(2)</ph>
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May be prospectively or retroactively revised by mutual agreement, at either party
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May be prospectively or retroactively revised by mutual agreement, at either party's request, to prevent substantial overpayment or underpayment.</p>
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<p class="- topic/p " id="d3235e452">
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<ph class="- topic/ph " props="autonumber">(g)</ph>
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<i class="+ topic/ph hi-d/i ">Audit</i>. At any time or times before final payment, the Contracting Officer may have the Contractor
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<i class="+ topic/ph hi-d/i ">Audit</i>. At any time or times before final payment, the Contracting Officer may have the Contractor's invoices or vouchers and statements of cost audited. Any payment may be—</p>
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<ph class="- topic/ph " props="autonumber">(1)</ph>
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Upon approval of a completion invoice or voucher submitted by the Contractor in accordance with paragraph (d)(5) of this clause, and upon the Contractor
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Upon approval of a completion invoice or voucher submitted by the Contractor in accordance with paragraph (d)(5) of this clause, and upon the Contractor's compliance with all terms of this contract, the Government shall promptly pay any balance of allowable costs and that part of the fee (if any) not previously paid.</p>
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<ph class="- topic/ph " props="autonumber">(2)</ph>
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The Contractor shall pay to the Government any refunds, rebates, credits, or other amounts (including interest, if any) accruing to or received by the Contractor or any assignee under this contract, to the extent that those amounts are properly allocable to costs for which the Contractor has been reimbursed by the Government. Reasonable expenses incurred by the Contractor for securing refunds, rebates, credits, or other amounts shall be allowable costs if approved by the Contracting Officer. Before final payment under this contract, the Contractor and each assignee whose assignment is in effect at the time of final payment shall execute and deliver
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The Contractor shall pay to the Government any refunds, rebates, credits, or other amounts (including interest, if any) accruing to or received by the Contractor or any assignee under this contract, to the extent that those amounts are properly allocable to costs for which the Contractor has been reimbursed by the Government. Reasonable expenses incurred by the Contractor for securing refunds, rebates, credits, or other amounts shall be allowable costs if approved by the Contracting Officer. Before final payment under this contract, the Contractor and each assignee whose assignment is in effect at the time of final payment shall execute and deliver—</p>
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<ol class="- topic/ol " id="d3200e847">
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<p class="- topic/p " id="d3235e492">
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<ph class="- topic/ph " props="autonumber">(ii)</ph>
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A release discharging the Government, its officers, agents, and employees from all liabilities, obligations, and claims arising out of or under this contract, except
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A release discharging the Government, its officers, agents, and employees from all liabilities, obligations, and claims arising out of or under this contract, except—</p>
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<ph class="- topic/ph " props="autonumber">(C)</ph>
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Claims for reimbursement of costs, including reasonable incidental expenses, incurred by the Contractor under the patent clauses of this contract, excluding, however, any expenses arising from the Contractor
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Claims for reimbursement of costs, including reasonable incidental expenses, incurred by the Contractor under the patent clauses of this contract, excluding, however, any expenses arising from the Contractor's indemnification of the Government against patent liability.</p>
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href="16.307.dita#FAR_16_307"
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outputclass="fm:ParaNumOnly">16.307</xref>
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</ph>(a)(2), substitute the following paragraph (b)(1)(iii) for paragraph (b)(1)(iii) of the basic clause:</p>
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<p class="- topic/p ">(iii) The amount of progress and other payments to the Contractor
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<p class="- topic/p ">(iii) The amount of progress and other payments to the Contractor's subcontractors that either have been paid, or that the Contractor is required to pay pursuant to the clause of this contract entitled "Prompt Payment for Construction Contracts." Payments shall be made by cash, check, or other form of payment to the Contractor's subcontractors under similar cost standards.</p>
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<?FM MARKER [Alt] End?>
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<?FM MARKER [Alt] Start?>
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<p class="- topic/p " id="d3231e530">
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