As prescribed in 1532.003, insert the following clause in solicitations and orders that will provide simplified acquisition procedures financing.
Payments-Simplified Acquisition Procedures Financing (JUN 2006)
Simplified acquisition procedures financing in the form of ______ [contracting officer insert advance (prior to performance) and/or interim (according to payment schedule] payment(s)) will be provided under this commercial item order in accordance with the payment schedule below. If both advance and interim payments are to be made, the payment schedule shown below will specify the type of payment provided for each line item.
The Government shall pay the contractor as follows upon the submission of invoices or vouchers approved by the project officer: ____________ [insert payment schedule].
[71 FR 32284, June 5, 2006]
