48 CFR § 252.232-7015 - 252.232-7015 Performance-Based Payments—Representation.
---
identifier: "/us/cfr/t48/s252.232-7015"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 252.232-7015 - 252.232-7015 Performance-Based Payments—Representation."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "252.232-7015"
section_name: "252.232-7015 Performance-Based Payments—Representation."
chapter_number: 2
chapter_name: "DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE"
subchapter_number: "H"
subchapter_name: "CLAUSES AND FORMS"
part_number: "252"
part_name: "SOLICITATION PROVISIONS AND CONTRACT CLAUSES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1303 and 48 CFR chapter 1."
regulatory_source: "56 FR 36479, July 31, 1991, unless otherwise noted."
cfr_part: "252"
---
# 252.232-7015 252.232-7015 Performance-Based Payments—Representation.
As prescribed in 232.1005-70(b), use the following provision:
****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.
****(End of provision)
[85 FR 19691, Apr. 8, 2020, as amended at 87 FR 76998, Dec. 16, 2022]