View all text of Subpart 252.2 [252.201-7000 - 252.251-7001]
252.232-7015 - 252.232-7015 Performance-Based Payments—Representation.
As prescribed in 232.1005-70(b), use the following provision:
Performance-Based Payments—Representation (DEC 2022)(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.
(End of provision)