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Showing results for tags 'progress payments'.
Hi! I have a situation where it seems DFAS/ACO/PCO/Contractor have a different expectation of how progress payments should work on this program. I am looking for guidance that could help everyone have the same understanding, or to weave the pieces together. I am the Contractor, small business, awarded a Task Order (which we all refer to as a "contract") under a GSA GWAC, primarily for services and material (aka not Construction). The total value to include all options is $80M. There are multiple CLIN types, mostly FPIF (with FFP for leased space and Cost for travel/materials). There are n
Can anyone tell me how progress payments will be calculated using DFARS clause 252.217-7007 (Payments)? Some relevant paragraphs in the clause read: (a) “Progress payments,” as used in this clause, means payments made before completion of work in progress under a job order. (b) Upon submission by the Contractor of invoices in the form and number of copies directed by the Contracting Officer, and as approved by the Contracting Officer, the Government will make progress payments as work progresses under the job order. (1) Generally, the Contractor
Need help please I have a contract with both FFP and CPFF CLINs. The majority are CPFF and the entire award is in excess of $10 million. I was hoping to get agreement for Performance Based Payments for the FFP CLINs which are just shy of $2 million so we're not waiting until the end of the PoP (2 years) for payment. The contracting officer tells me that because the FFP CLINs are less than $2.5 million we're not eligible for PBPs. He cited 32.104 of the FAR which clearly indicates that the "contract price" should be $2.5 million or more. I'm confused by his determination.