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)
[85 FR 19691, Apr. 8, 2020, as amended at 87 FR 76998, Dec. 16, 2022]
source: 56 FR 36479, July 31, 1991, unless otherwise noted.
cite as: 48 CFR 252.232-7015