{"data":{"id":"us/48-cfr-252.232-7015","jurisdiction":"us","citation":"48 CFR 252.232-7015","heading":"252.232-7015 Performance-Based Payments—Representation.","body":"As prescribed in 232.1005-70(b), use the following provision:\nPerformance-Based Payments—Representation (DEC 2022)\n(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.\n(b) The Offeror represents that its financial statements are [ ] are not [ ] in compliance with Generally Accepted Accounting Principles.\n(End of provision)","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE","SUBCHAPTER H—CLAUSES AND FORMS","PART 252—SOLICITATION PROVISIONS AND CONTRACT CLAUSES","Subpart 252.2—Text of Provisions and Clauses"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"9330b97bad6211b995c77e51127e15d7fbd6bf2a383fe2d4600b6de5e312b3eb","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-252.232-7014","next":"us/48-cfr-252.232-7016"},"notice":"GroundRules: Original legal text. Not legal advice."}