(a) The contractor shall ensure that any excess of outstanding advances in excess of the contractual limit set out in subparagraph (a) of the advance payment clause of the contract is promptly corrected by one or more of the following measures: (c) Under the terms of the agreement, the contractor should provide for priority privilege in favour of the Government. This privilege may supplement or replace other warranty requirements. Privilege should – The applicability of contractual provisions to secure state funding in a foreign jurisdiction depends on local law and procedure. Before providing contract financing that may involve foreign jurisdictions, the contractor must ensure that the government guarantee is enforceable. This may require the provision of guarantees that are additional to or different from those normally provided for in the standard contractual clauses. (a) the level of follow-up of advance payments through pre-payment verification or periodic review should vary inversely depending on the contractor`s experience, track record, reliability, quality of management and financial soundness, as well as the adequacy of the contractor`s accounting system and controls; Surveillance must be of a nature and scope sufficient to provide timely knowledge of the need and timeliness to take the necessary measures to protect the interests of government. If the criteria set out in Article 32.202-1(b) are met, the procuring entity may either specify the conditions for financing in the call for tenders (see 32.204) or allow each bidder to propose its own usual financing conditions (see 32.205). If the contracting authority has sufficient information on the usual financing conditions on the commercial market for goods, those conditions may be indicated in the invitation to tender. 10 U.S.C. 2307(f) and 41 U.S.C.
4505 provide that payments for commercial goods or services may be made on such terms as the head of the Agency considers appropriate or customary in the commercial market and in the best interests of the United States. LEGISLATIVE INTENT: The purpose for which a measure is passed. If deemed necessary by the contractor for the protection of government interests, safeguard clauses such as the following may be used in addition to the prepayment clause of the contract: d) Security requirements vary depending on the circumstances of each case. The minimum safety requirements are covered by the clauses prescribed in the contract. The contractor may supplement them to the extent necessary in each case to protect the interests of the government. Examples of additional security conditions include: The Contractor must consider the following order of preference when applying for contract financing, unless an exemption is in the best interests of the government in a particular case: Progress payment clause provisions covering non-compliance with a material contractual requirement. In addition, if the contractor fails to disclose existing charges in the progress payment statement, the COA should consult legal counsel regarding a possible violation of 31 U.S.C. 3729, the False Claims Act. (4) The proposed prepayment clause provides security to protect the government. The clause requires that all payments be deposited in a special account with the contractor`s financial institution and that the government have priority over (i) the balance of the special account, (ii) all contractual supplies and (iii) any equipment or other property acquired for the performance of the contract. [Where applicable, include: (The contractor`s financial management system provides for effective control and accountability of all federal funds in accordance with applicable Department of Finance regulations.) (A prepayment deposit is required.)] This guarantee is considered sufficient.
(4) Name and address of the financial institution with which the contractor intends to establish a special account as depositary of advance payments. If advance payments in the form of a letter of credit are anticipated, the entrepreneur must specify the specific account with the financial institution to be used. Point (b)(4) of this point shall not apply where another method is used in the Agency`s procedures. (d) If ownership of materials or other supplies is transferred to the Government pursuant to the progress payment clause, the Contractor may transfer the items in stock under the Contract for its own use or other disposition only if and on terms approved by the Customer. A contractor (2) In the terms and conditions of the contract relating to reporting and access to records, the contractor may not remove references to “contracting officer” and “government” when amending clause (g) of the progress payment clause of the contract, but the contractor may extend the terms and conditions as follows: (c) A formal request for contract financing must comply with the terms and conditions set out in the contract. The Contractor shall remedy any deficiencies in the claims submitted in the manner specified in the Contract or specified by the Customer. (a) the Agency generally requires a contractor to whom a secured loan is granted to execute an assignment of receivables arising from defence production contracts (including all contracts entered into during the term of the secured loan that are eligible for financing under the loan); However, the Agency need not require a transfer if one of the following conditions is met: MEETING: (1) period during which the legislator meets; (2) the daily session of the Senate or the House. LEGISLATIVE DAY: A day when one or both chambers meets to conduct official business.
DISTRIBUTION: determination of the constituencies in which members are elected. However, the Privacy Rule sets out three circumstances in which the parent is not the “personal representative” with respect to certain health information about the minor child. These exceptions generally track the ability of some minors to receive certain health care without parental consent under state or other laws or standards of professional practice. In these situations, the parent does not control the minor`s health decisions and therefore, according to the rule, does not control the protected health information related to this care. The three exceptional circumstances in which one of the parents is not the minor`s personal representative are: CONSENT: Action by which one House approves a proposal or measure approved by the other House. This subsection provides guidelines and procedures for advance payments on framework contracts and subcontracts. It does not include prepayment policies and procedures for the types of transactions listed in 32,404. This subsection does not apply to commercial advance payments subject to subsection 32.2.
(c) Advances, of which (the amount outstanding at any time) (the total amount, less amounts reimbursed or recovered by the Government) ___ if different, shall indicate the competent authority (conditions contained in substance in the proposed early repayment clause, a copy (outline) of which is attached to this authorisation) (the following conditions:) [Insert appropriate terms.] (All previous approvals of advance payments under contract no.