DFARS 252.232-7000 — Advance Payment Pool

DFARS — Defense (DoD) · Contract clause · dated APR 2020 · prescribed in 232.412-70

Official text of 252.232-7000

As prescribed in 232.412-70 (a), use the following clause:

ADVANCE PAYMENT POOL (APR 2020)

(a) Notwithstanding any other provision of this contract, advance payments will be made for contract performance in accordance with the Determinations, Findings, and Authorization for Advance payment dated __________________________.

(b) Payments made in accordance with this clause shall be governed by the terms and conditions of the Advance Payment Pool Agreement between the United States of America and [insert the name of the Contractor]. The Agreement is incorporated in the contract by reference.

(c) When a letter of credit has not been issued to the Contractor in conjunction with the contract, payment will be by a dual payee Treasury check made payable to the Contractor or the disbursing office in the Advance Payment Pool Agreement and will be forwarded to that disbursing office for appropriate disposition.

(End of clause)

Where it's prescribed

As prescribed in 232.412-70 (a), use the following clause:

Verifying this text

The text above is reproduced verbatim from GSA's published source files for the Defense (DoD) supplement. The controlling version is the one in the Code of Federal Regulations: 252.232-7000 on eCFR.