Official text of 252.232-7015
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)
Where it's prescribed
As prescribed in 232.1005-70 (b), use the following provision:
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: 252.232-7015 on eCFR.
Sources cited on this page