Official text of 252.232-7004
As prescribed in 232.502-4 -70(b), use the following clause:
DOD PROGRESS PAYMENT RATES (OCT 2014)
If the Contractor is a small business concern, the Progress Payments clause of this contract is modified to change each mention of the progress payment rate and liquidation rate (excepting paragraph (k), Limitations on Undefinitized Contract Actions) to 90 percent.
(End of clause)
Where it's prescribed
As prescribed in 232.502-4 -70(b), 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: 252.232-7004 on eCFR.
Sources cited on this page