GSAM 552.270-20 — Payment

GSAM — General Services Administration · Contract clause · dated Sep 1999 · prescribed in 570.703

Official text of 552.270-20

As prescribed in 570.703 , insert the following clause:

Payment (Sep 1999)

  • (a) When space is offered and accepted, ABOA square footage delivered will be confirmed by either:

    • (1) The Government’s measurement of plans submitted by the successful offeror as approved by the Government, and an inspection of the space to verify that the delivered space conforms with such plans.

    • (2) A mutual on-site measurement of the space if the Contracting Officer determines it necessary.

  • (b) The Government will not pay for space in excess of the amount of ABOA square footage stated in the lease.

  • (c) If the amount of ABOA square footage delivered is less than the amount agreed to in the lease, the lease will be modified to reflect the amount of ABOA space delivered and the annual rental will be adjusted as follows:

ABOA square feet not delivered multiplied by one plus the common area factor (CAF), multiplied by the rate per rentable square foot (RSF). That is:

(End of clause)

Where it's prescribed

As prescribed in 570.703 , insert the following clause:

Verifying this text

The text above is reproduced verbatim from GSA's published source files for the General Services Administration supplement. The controlling version is the one in the Code of Federal Regulations: 552.270-20 on eCFR.