Pursuant to FAR 52.232-17 Interest (Oct 2010) and FAR subpart 32.9- Prompt Payment, after a payment is 30+ days late who is responsible for adding interest.
1. Does DFAS include it and pay it automatically?
2. Is it for the contract office to determine and add to the invoiced total using the interest calculator (http://www.fms.treas.gov/prompt/) ?
3. Also, is it typically determined and paid after the invoiced amount is paid in full? Thinking that once a paid date is available than a final interest amount can be determined.
What does everyone think?