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<ph class="- topic/ph " props="autonumber">(1)</ph> Unless
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the Contractor requests a smaller amount, the Government will compute
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each progress payment as 80 percent of the Contractor
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each progress payment as 80 percent of the Contractor's total costs
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incurred under this contract whether or not actually paid, plus
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financing payments to subcontractors (see paragraph (j) of this
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clause), less the sum of all previous progress payments made by
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of financing and other payments for supplies and services purchased
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directly for the contract are limited to the amounts that have been
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paid by cash, check, or other forms of payment, or that are determined
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due and will be paid to subcontractors
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due and will be paid to subcontractors—</p>
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<ph class="- topic/ph " props="autonumber">(ii)</ph> Ordinarily
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within 30 days of the submission of the Contractor
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within 30 days of the submission of the Contractor's payment request
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to the Government.</p>
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<p class="- topic/p " id="d3514e51">
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<ph class="- topic/ph " props="autonumber">(3)</ph> The Government
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will exclude accrued costs of Contractor contributions under employee
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pension plans until actually paid unless
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pension plans until actually paid unless—</p>
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<ph class="- topic/ph " props="autonumber">(i)</ph> The Contractor
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<ph class="- topic/ph " props="autonumber">(i)</ph> The Contractor's
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practice is to make contributions to the retirement fund quarterly
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or more frequently; and</p>
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</li>
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@@ -80,7 +80,7 @@ or more frequently; and</p>
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<ph class="- topic/ph " props="autonumber">(ii)</ph> The contribution
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does not remain unpaid 30 days after the end of the applicable quarter
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or shorter payment period (any contribution remaining unpaid shall
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be excluded from the Contractor
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be excluded from the Contractor's total costs for progress payments
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until paid).</p>
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</li>
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@@ -112,7 +112,7 @@ costs.</p>
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<p class="- topic/p " id="d3514e88">
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<ph class="- topic/ph " props="autonumber">(iv)</ph> Payments
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made or amounts payable to subcontractors or suppliers, except for
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made or amounts payable to subcontractors or suppliers, except for—</p>
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<p class="- topic/p " id="d3514e144">
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<ph class="- topic/ph " props="autonumber">(1)</ph> The Contractor failed to comply
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with any material requirement of this contract (which includes paragraphs
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with any material requirement of this contract (which includes paragraphs (f)
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and (g) of this clause).</p>
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</li>
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<ph class="- topic/ph " props="autonumber">(2)</ph> Performance
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of this contract is endangered by the Contractor
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of this contract is endangered by the Contractor's—</p>
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<ol class="- topic/ol ">
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@@ -238,9 +238,9 @@ progress payments for that work.</p>
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<p class="- topic/p " id="d3514e180">
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<ph class="- topic/ph " props="autonumber">(6)</ph> The Contractor
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is realizing less profit than that reflected in the establishment
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of any alternate liquidation rate in paragraph
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of any alternate liquidation rate in paragraph (b) of this
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clause, and that rate is less than the progress payment rate stated
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in paragraph
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in paragraph (a)(1) of this clause.</p>
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</li>
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</ol>
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</li>
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@@ -304,7 +304,7 @@ clauses, shall determine the handling and disposition of the property.</p>
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<p class="- topic/p " id="d3514e233">
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<ph class="- topic/ph " props="autonumber">(4)</ph> The Contractor
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may sell any scrap resulting from production under this contract
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without requesting the Contracting Officer
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without requesting the Contracting Officer's approval, but the proceeds
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shall be credited against the costs of performance.</p>
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</li>
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@@ -312,7 +312,7 @@ shall be credited against the costs of performance.</p>
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<ph class="- topic/ph " props="autonumber">(5)</ph> To acquire
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for its own use or dispose of property to which title is vested
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in the Government under this clause, the Contractor must obtain
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the Contracting Officer
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the Contracting Officer's advance approval of the action and the
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terms. The Contractor shall (i) exclude the allocable costs of the
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property from the costs of contract performance, and (ii) repay
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to the Government any amount of unliquidated progress payments allocable
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@@ -323,7 +323,7 @@ to the property. Repayment may be by cash or credit memorandum.</p>
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<ph class="- topic/ph " props="autonumber">(6)</ph> When the
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Contractor completes all of the obligations under this contract,
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including liquidation of all progress payments, title shall vest
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in the Contractor for all property (or the proceeds thereof) not
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in the Contractor for all property (or the proceeds thereof) not—</p>
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<ol class="- topic/ol " id="d3470e362">
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<p class="- topic/p " id="d3514e249">
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@@ -383,7 +383,7 @@ shall promptly furnish reports, certificates, financial statements,
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and other pertinent information (including estimates to complete)
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reasonably requested by the Contracting Officer for the administration
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of this clause. Also, the Contractor shall give the Government reasonable
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opportunity to examine and verify the Contractor
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opportunity to examine and verify the Contractor's books, records,
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and accounts.</p>
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</li>
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@@ -391,7 +391,7 @@ and accounts.</p>
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<ph class="- topic/ph " props="autonumber">(2)</ph> The Contractor
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shall furnish estimates to complete that have been developed or
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updated within six months of the date of the progress payment request.
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The estimates to complete shall represent the Contractor
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The estimates to complete shall represent the Contractor's best
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estimate of total costs to complete all remaining contract work
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required under the contract. The estimates shall include sufficient
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detail to permit Government verification.</p>
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@@ -404,7 +404,7 @@ request for progress payment shall:</p>
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<p class="- topic/p " id="d3514e303">
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<ph class="- topic/ph " props="autonumber">(i)</ph> Be submitted
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on Standard Form 1443, Contractor
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on Standard Form 1443, Contractor's Request for Progress Payment,
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or the electronic equivalent as required by agency regulations,
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in accordance with the form instructions and the contract terms;
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and</p>
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@@ -440,7 +440,7 @@ of rights.</p>
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<p class="- topic/p " id="d3514e326">
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<ph class="- topic/ph " props="autonumber">(1)</ph> No payment or vesting of title
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under this clause shall
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under this clause shall—</p>
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@@ -457,8 +457,8 @@ contract.</p>
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</li>
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<ph class="- topic/ph " props="autonumber">(2)</ph> The Government
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rights and remedies under this clause
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<ph class="- topic/ph " props="autonumber">(2)</ph> The Government's
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rights and remedies under this clause—</p>
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<ol class="- topic/ol " id="d3470e543">
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@@ -491,7 +491,7 @@ conditions are met:</p>
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<p class="- topic/p " id="d3514e366">
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<ph class="- topic/ph " props="autonumber">(1)</ph> The amounts included are limited
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to
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to—</p>
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<ol class="- topic/ol " id="d3470e588">
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@@ -517,7 +517,7 @@ if the subcontractor is a small business concern, 4 months.</p>
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<ph class="- topic/ph " props="autonumber">(3)</ph> If the
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financing payments are in the form of progress payments, the terms
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of the subcontract or interdivisional order concerning progress
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payments
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payments—</p>
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<ol class="- topic/ol " id="d3470e627">
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<p class="- topic/p " id="d3514e393">
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@@ -549,8 +549,8 @@ conformance with the requirements of FAR <xref base="i1082458"
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<p class="- topic/p " id="d3514e416">
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<ph class="- topic/ph " props="autonumber">(v)</ph> Subordinate
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all subcontractor rights concerning property to which the Government
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-
has title under the subcontract to the Government
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delivery of the property to the Government if
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has title under the subcontract to the Government's right to require
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delivery of the property to the Government if—</p>
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<ol class="- topic/ol " id="d3470e676">
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@@ -571,7 +571,7 @@ becomes bankrupt or insolvent.</p>
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<ph class="- topic/ph " props="autonumber">(4)</ph> If the
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financing payments are in the form of performance-based payments,
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the terms of the subcontract or interdivisional order concerning
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payments
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payments—</p>
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<ol class="- topic/ol " id="d3470e708">
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<p class="- topic/p " id="d3514e438">
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@@ -583,7 +583,7 @@ Performance-Based Payments clause at FAR <xref base="i1050610"
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criteria for, and definition of, performance-based payments in FAR <xref base="i1083955"
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class="- topic/xref "
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href="Part_32.dita#FAR_Part_32"
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outputclass="fm:Part">part
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outputclass="fm:Part">part 32</xref>;</p>
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</li>
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<p class="- topic/p " id="d3514e449">
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@@ -597,10 +597,10 @@ conformance with the requirements of FAR <xref base="i1082458"
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<p class="- topic/p " id="d3514e457">
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<ph class="- topic/ph " props="autonumber">(iii)</ph> Subordinate
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all subcontractor rights concerning property to which the Government
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-
has title under the subcon
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has title under the subcon—</p>
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<p class="- topic/p " id="d3514e461">tract to the
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-
Government
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if
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Government's right to require delivery of the property to the Government
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if—</p>
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<ol class="- topic/ol " id="d3470e748">
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<p class="- topic/p " id="d3514e465">
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@@ -620,7 +620,7 @@ becomes bankrupt or insolvent.</p>
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<ph class="- topic/ph " props="autonumber">(5)</ph> If the
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financing payments are in the form of commercial product or commercial service financing
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payments, the terms of the subcontract or interdivisional order
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-
concerning payments
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concerning payments—</p>
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<p class="- topic/p " id="d3514e481">
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@@ -634,7 +634,7 @@ or commercial service purchase that meets the definition and standards
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for acquisition of commercial products and commercial services in FAR <xref base="i1126310"
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class="- topic/xref "
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href="Part_2.dita#FAR_Part_2"
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outputclass="fm:Parts">parts
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outputclass="fm:Parts">parts 2</xref>
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and <xref base="i1113784"
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class="- topic/xref "
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href="Part_12.dita#FAR_Part_12"
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@@ -652,8 +652,8 @@ conformance with the requirements of FAR <xref base="i1082458"
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<p class="- topic/p " id="d3514e503">
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<ph class="- topic/ph " props="autonumber">(iii)</ph> Subordinate
|
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all subcontractor rights concerning property to which the Government
|
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-
has title under the subcontract to the Government
|
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-
delivery of the property to the Government if
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+
has title under the subcontract to the Government's right to require
|
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|
+
delivery of the property to the Government if—</p>
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<ol class="- topic/ol " id="d3470e829">
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<p class="- topic/p " id="d3514e509">
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@@ -722,7 +722,7 @@ under undefinitized contract actions. A "contract action" is any
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action resulting in a contract, as defined in <xref base="i1125357"
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class="- topic/xref "
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href="Subpart_2.1.dita#FAR_Subpart_2_1"
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outputclass="fm:Subpart">subpart
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|
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outputclass="fm:Subpart">subpart 2.1</xref>, including
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contract modifications for additional supplies or services, but
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not including contract modifications that are within the scope and
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under the terms of the contract, such as contract modifications
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