This text is not in eCFR or DITA. It is extracted from the Revolutionary FAR Overhaul deviation guide for FAR Part 32. The parsed text is a convenience layer; the Source PDF tab is authoritative. Always verify against the official deviation PDF.
As prescribed in 232.1005-70(b). See the Prescription tab for the prescribing policy text.
PERFORMANCE-BASED PAYMENTS—REPRESENTATION (DEC 2022)
- (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.
- (b) The Offeror represents that its financial statements are [ ] are not [ ] in compliance with Generally Accepted Accounting Principles.
Prescription: 232.1005-70 Solicitation provisions and contract clauses
As prescribed in 232.1005-70(b). Scope applicability here before applying the provision.
- (b) Insert the provision at 252.232-7015, Performance-Based Payments– Representation, in solicitations where the resulting contract may include performancebased payments.
Version history
One version on record, first captured 2026-06-11 15:52:10, effective February 1, 2026.
Prescription: 232.1005-70
Prescribing text cropped from the same deviation PDF.
Provision text (pages 36–37)
Rendered from the deviation PDF. Open the full PDF.
