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252.232-7000 Advance Payment Pool.

Current normalized text

252.232-7000 Advance Payment Pool.

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

ADVANCE PAYMENT POOL (APR 2020)

  1. (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 ___.

  1. (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.

  2. (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)

Source and use

Source attribution. Official source material is published by Acquisition.gov. ClauseSignal presents a normalized record from accepted public source snapshots and links back to that source.

Informational disclaimer. ClauseSignal provides informational monitoring of public FAR and DFARS source material. It does not provide legal advice, determine whether a clause applies to your circumstances, issue certifications, or claim affiliation with or endorsement by the U.S. Government. Review the official source before making decisions.