§ 252.232-7017 - [Reserved]

252.232-7017 Accelerating Payments to Small Business Subcontractors - Prohibition on Fees and Consideration.

Cross Reference

Link to an amendment published at 88 FR 12864, Mar. 1, 2023.

As prescribed in 232.009-2, use the following clause:

Accelerating Payments to Small Business Subcontractors - Prohibition on Fees and Consideration (JAN 2023)

(a) Definition. Accelerated payment, as used in this clause, means a payment made to a small business subcontractor as quickly as possible, with a goal of 15 days or less after receipt of payment from the Government or receipt of a proper invoice from the subcontractor, whichever is later.

(b) In accordance with 10 U.S.C. 3801(b)(2), the Contractor shall not require any further consideration from or charge fees to the small business subcontractor when making accelerated payments, as defined in paragraph (a) of this clause, to subcontractors under the clause at FAR 52.232-40, Providing Accelerated Payments to Small Business Subcontractors.

(c) Subcontracts. Include the substance of this clause, including this paragraph (c), in all subcontracts with small business concerns, including those for the acquisition of commercial products or commercial services.

(End of clause)

[85 FR 19697, Apr. 8, 2020, as amended at 87 FR 76998, Dec. 16, 2022; 88 FR 6596, Jan. 31, 2023

[Reserved]