48 CFR 14.408-3 - 14.408-3 Prompt payment discounts.

Regulations last checked for updates: Apr 24, 2024

Title 48 - Federal Acquisition Regulations System last revised: Apr 22, 2024

View all text of Subpart 14.4 [14.400 - 14.409-2]

14.408-3 - 14.408-3 Prompt payment discounts.

(a) Prompt payment discounts shall not be considered in the evaluation of bids. However, any discount offered will form a part of the award, and will be taken by the payment center if payment is made within the discount period specified by the bidder. As an alternative to indicating a discount in conjunction with the offer, bidders may prefer to offer discounts on individual invoices.

(b) See 32.111(b)(1), which prescribes the contract clause at 52.232-8, Discounts for Prompt Payment.

[48 FR 42171, Sept. 19, 1983, as amended at 50 FR 26903, June 28, 1985. Redesignated at 60 FR 34738, July 3, 1995; 70 FR 43581, July 27, 2005]

authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

source: 48 FR 42171, Sept. 19, 1983, unless otherwise noted.

cite as: 48 CFR 14.408-3