1. ROUND TABLE DISCUSSION WITH THE EGLIN COMMUNITY
Sue McNichol
Accountant/Policy
HQ AFMC/FMM (CAM)
April 20, 2017
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2. ROUND TABLE DISCUSSION
TOPICS
TRANSPORTATION MORDS
CONTINGENT LIABILITIES
CONTRACTS
TYPES, MODS, ETC
PAYING DODAACS/DETERMINING THE PAYING OFFICE
CONTRACT BILLING/PAYMENT INSTRUCTIONS
WHY IS MY JON/ESP CODE NOT BEING CHARGED CORRECTLY ON A MOCAS PAID CONTRACT?
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3. ROUND TABLE DISCUSSION
TOPICS (CONT)
WHAT IS A CURRENT YEAR FUNDS REQUEST?
WHAT IS A REPLACEMENT FUNDS REQUEST?
WHAT IS A 4-DAY LETTER?
OPEN DISCUSSION
BACK-UP SLIDES
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4. ROUND TABLE DISCUSSION
TRANSPORTATION MORDS
WHAT CAN YOU SAY ABOUT TRANSPORTATION CHARGES???????
ONLY FUNDING DOCUMENT THAT IS AUTHORIZED FOR FREIGHT IS A FUNDING MORD USING THE SDN WITH “NP” IN POSITIONS 11 AND 12. THE “NP” ALLOWS FOR A UNIQUE DOCUMENT NUMBER TO IDENTIFY POWERTRACK TRANSACTIONS VIA TAC CODES.
THE MORD MUST BE ESTABLISHED IN IAPS WITH PC CODE ST. YOU CAN ONLY USE ONE LINE OF ACCOUNTING PER MORD.
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5. ROUND TABLE DISCUSSION
TRANSPORTATION MORDS (CONT)
THIS WAS ESTABLISHED BECAUSE ALL POWERTRACK TRANSACTIONS WERE TO BE ROUTED THROUGH AN AUTOMATED SYSTEM AND WOULD BECOME SOLELY FOR-SELF TRANSACTIONS. THIS WOULD HAVE COMPLETELY ELIMINATED THE BY-OTHERS ACCOUNTING RELATED TO THESE ITEMS.
TO DATE, THE POWERTRACK ELECTRONIC INTERFACE PROCESSING SYSTEM ISN’T FULLY FUNCTIONAL AND POWERTRACK BILLS FOR DFAS-CO LINES OF ACCOUNTING ARE STILL BEING PAID BY CENTERS OTHER THAN COLUMBUS.
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6. ROUND TABLE DISCUSSION
TRANSPORTATION MORDS (CONT)
BY-OTHERS EXPENDITURES MUST BE ACCOUNTED FOR IN PC CODE G. ANY POWERTRACK BILLS THAT ARE INITIATED SOMEWHERE OTHER THAN AN AFMC BASE FOR EGLIN ARE COMING IN THROUGH BY-OTHERS CYCLES AND HAVE TO BE POSTED TO PC CODE G.
WHEN THESE BY-OTHERS TRANSPORTATION CHARGES COME IN THROUGH BY-OTHERS THAT REFERENCE YOUR “NP” TRANSPORTATION MORD, DFAS IS SUPPOSE TO REDUCE THE OBLIGATION IN IAPS BY THE AMOUNT OF THE TRANSACTION, OBLIGATE THAT SAME AMOUNT IN PC CODE G AND PROCESS THE TRANSACTION. THIS
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7. ROUND TABLE DISCUSSION
TRANSPORTATION MORDS (CONT)
DOES NOT ALWAYS HAPPEN. WHEN IT DOESN’T YOU SHOULD CONTACT THE ALO AND REQUEST THEY REDUCE THE OBLIGATION IN IAPS BY THE AMOUNT OF THE TRANSACTION POSTED IN PC CODE G.
DFAS SHOULD NOT BE SENDING FOUR-DAY LETTERS FOR TRANSPORTATION CHARGES REFERENCING A “NP” DOCUMENT NUMBER, AS LONG AS THE DOCUMENT REFERENCED IS IN PC CODE ST. DFAS HAS ASSURED AFAFO THAT TRANSACTIONS COMING IN THROUGH BY-OTHERS WILL POST IN PC G AND THEN REDUCE THE OBLIGATION IN PC ST.
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8. ROUND TABLE DISCUSSION
TRANSPORTATION MORDS (CONT)
THIS PROCESS DOES NOT APPLY TO SHIPMENTS MADE USING ANY OF THE MILITARY SERVICES TRANSPORTATION COMMAND’S SUCH AS AMC, MSC, ETC. THESE CHARGES ARE NOT PAID THROUGH POWERTRACK, SO THE MORD USED TO FUND THESE CHARGES SHOULD BE SET UP WITH AN “MP” IN POSITIONS 11 AND 12 OF THE SDN AND SET UP IN PC CODE G ACCORDING TO THE GUIDANCE PROVIDED ON MARCH 8, 2010.
YOU HAVE TO OBTAIN A TAC CODE FOR THIS DOCUMENT. TAC CODES ARE NOW TIED TO FUNDING DOCUMENTS. IF YOU PROVIDE THE TAC CODE TIED TO YOUR “NP” DOCUMENT THAT IS THE DOCUMENT THAT WILL BE CHARGED.
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9. ROUND TABLE DISCUSSION
CONTINGENT LIABILITIES
THIS IS JUST A REMINDER THAT YOU NEED TO ENSURE THAT YOU NOTIFY THE ALO WHEN YOU ARE SETTING UP A CONTINGENT LIABILITY SO THAT IT CAN BE CODED CORRECTLY IN BQ.
YOUR CONTINGENT LIABILITIES SHOULD BE CODED WITH A “Y” IN THE SECOND POSITION OF THE PC CODE FIELD. THIS IS USUALLY DONE AT FISCAL YEAR END. EXAMPLES: SY, BY, YY, GY.
PLEASE REMEMBER THAT IF YOUR CONTINGENT LIABILITY DOCUMENT NUMBER CHANGES FROM THE ORIGINAL DOCUMENT NUMBER AND YOUR OBLIGATING DOCUMENT REFERENCES THE ORIGINAL DOCUMENT NUMBER THERE IS A POSSIBILITY THAT YOUR COMMITMENT WILL NOT BE DROPPED. PLEASE MONITOR YOUR CONTINGENT LIABILITIES.
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10. ROUND TABLE DISCUSSION
PAYING DODAAC/DETERMINING THE PAYING OFFICE
IF YOUR FUNDS ARE BEING ADDED TO AN EXISTING CONTRACT THE PAYING OFFICE IS LOCATED ON THE AWARD OF THE CONTRACT. ADDITIONALLY, IF YOUR CONTRACT IS ADMINISTERED BY A DCMA, THEN YOUR CONTRACT IS PAID BY MOCAS. IF YOUR CONTRACT IS ADMINISTERED BY THE OFFICE WRITING THE CONTRACT, THEN YOUR PAYING OFFICE CAN BE MOCAS, IAPS OR ANY OTHER PAYING OFFICE. AGAIN YOU CAN CONFIRM THE PAYING OFFICE ON AN EXISTING CONTRACT BY LOOKING AT THE AWARD OF THE CONTRACT IN EDA.
EXAMPLE: HILL AFB WRITES AND ADMINISTERS THE CONTRACT, WILL BE PAID BY VENDOR PAY , WHICH IS THE SAME AS OURS, SO YOUR COMMITMENT WOULD NEED TO BE IN PC CODE S. ANY BASE THAT FALLS UNDER , THAT IS GOING TO BE PAID BY VENDOR PAY, YOUR COMMITMENT SHOULD BE IN PC CODE S.
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11. ROUND TABLE DISCUSSION
PAYING DODAAC/DETERMINING THE PAYING OFFICE (CONT)
EXAMPLE: POINT MUGU WRITES AND ADMINISTERS THE CONTRACT, WILL BE PAID BY THEIR VENDOR PAY, YOUR COMMITMENT SHOULD BE IN PC CODE G.
EXAMPLE: HILL AFB WRITES THE CONTRACT, ADMINISTERED BY A DCMA. MOCAS PAID CONTRACT, COMMITMENT SHOULD BE IN PC CODE B. SAME THING FOR FUNDS SENT TO THE NAVY OR THE ARMY.
IF YOUR FUNDS ARE GOING TO BE ADDED TO AN EXISTING CONTRACT, COMMUNICATE WITH THE OFFICE WHERE THE FUNDS ARE BEING SENT OR CHECK EDA PRIOR TO SENDING SO THAT THE PAYING OFFICE CAN BE IDENTIFIED BEFORE SENDING THE FUNDS. YOUR SAFEST BET FOR ESTABLISHING YOUR COMMITMENT WHEN THE PAYING OFFICE CANNOT BE DETERMINED IN ADVANCE IS PC CODE G, IF THE FUNDS ARE BEING SENT OFF BASE. HAVE FUNDS MOVED AS NEEDED.
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12. ROUND TABLE DISCUSSION
PAYING DODAAC/DETERMINING THE PAYING OFFICE (CONT)
IF YOU ARE PROVIDING FUNDS FOR A CONTRACT WRITTEN ON EGLIN, THEN IT SHOULD BE FAIRLY EASY TO DETERMINE YOUR PAYING OFFICE AS YOUR PCO IS RIGHT HERE. IF THE CONTRACT IS DCMA ADMINISTERED, PC CODE B. IF THE CONTRACT IS ADMINISTERED LOCALLY, COULD BE PC CODE S FOR VENDOR PAY, PC CODE B FOR MOCAS PAID, OR PC CODE G IF BEING PAID BY VENDOR PAY DFAS-LI, FOR EXAMPLE. YOUR PCO WILL MAKE THAT DETERMINATION. THE RULES THAT APPLY, IF THE CONTRACT IS ADMINISTERED LOCALLY, AND WILL NOT BE PAID BY MOCAS, THEN THE PAYING OFFICE IS DETERMINED BY THE BASE THAT OWNS THE MAJORITY OF THE FUNDS ON THE CONTRACT.
A FEW OF THE PAYING DODAACS
F03000 – DFAS-CO IAPS (PC CODE S)
F67100 – DFAS-CO LIMESTONE IAPS (PC CODE G)
HQ0337, HQ0338, HQ0339 – DFAS-CO MOCAS (PC CODE B)
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13. ROUND TABLE DISCUSSION
PAYING DODAAC/DETERMINING THE PAYING OFFICE (CONT)
IF YOU ARE INCREASING FUNDS ON AN EXISTING OBLIGATION (ACRN) ON A CONTRACT (THIS WOULD APPLY TO ANY DOCUMENT) BE SURE THAT YOU ARE USING THE SAME FSR/PSR THAT IS ON THE CURRENT OBLIGATION AND THE SAME PC CODE (B OR Y).
IF YOUR CONTRACT IS A DELIVERY ORDER AND THE PAYING OFFICE IS ESTABLISHED AT AWARD OF THE CONTRACT AS MOCAS THEN ALL OF YOUR TASK/DELIVERY ORDERS MUST BE MOCAS. IF MULTIPLE PAYING OFFICES ARE GOING TO BE ASSIGNED AS THE TASK/DELIVERY ORDERS ARE AWARDED THEN THE MULTIPLE PAYMENT CLAUSE MUST BE INCLUDED AND NONE SHOULD BE PAID BY MOCAS.
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14. ROUND TABLE DISCUSSION
PAYING DODAAC/DETERMINING THE PAYING OFFICE (CONT)
HOW DO I DETERMINE THE PAYING DODAAC (OFFICE) FOR MY CONTRACTS?
IF YOU KNOW THAT YOUR FUNDS ARE BEING PLACED ON CONTRACT AND THE CONTRACT HAS ALREADY BEEN AWARDED YOU CAN PULL A COPY OF THE CONTRACT FROM EDA TO DETERMINE THE PAYING OFFICE.
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15. Integrity - Service - Innovation
PAYING DODAACS (CONT)
THIS WOULD BE PC CODE B OR Y
The Pay DoDAAC
tells you what office
is making payment.
PC Code B or Y
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16. Integrity - Service - Innovation
PAYING DODAACS (CONT)
THIS WOULD BE PC CODE S
The Pay DoDAAC
tells you what office
is making payment.
PC Code S
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17. Integrity - Service - Innovation
PAYING DODAACS (CONT)
THIS WOULD BE PC CODE G
The Pay DoDAAC
tells you what office
is making payment.
PC Code G
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18. ROUND TABLE DISCUSSION
CONTRACT BILLING/PAYMENT INSTRUCTIONS
VERY IMPORTANT PART OF THE CONTRACT
BILLING/PAYMENT INSTRUCTIONS ARE NOT ONE IN THE SAME
BOTH SHOULD BE LOCATED IN THE SECTION G OF THE CONTRACT
BILLING AND PAYMENT CLAUSES ARE INCLUDED, HOWEVER SPECIFIC INSTRUCTIONS SHOULD BE INCLUDED IN THE SECTION G AND NEED TO BE IN SIMPLE/PLAIN LANGUAGE SO THAT NOTHING IS LEFT TO INTERPRETATION.
BILLING/PAYMENT INSTRUCTIONS ARE NOT RETROACTIVE SO YOU NEED TO ENSURE THAT THEY ARE INCLUDED FROM THE BEGINNING AND SHOULD NOT BE CHANGED DURING THE LIFE OF THE CONTRACT. GET IT RIGHT THE FIRST TIME.
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19. ROUND TABLE DISCUSSION
CONTRACT BILLING/PAYMENT INSTRUCTIONS (CONTINUED)
BILLING/PAYMENT INSTRUCTIONS SHOULD BE INCLUDED FOR EACH TYPE OF INVOICE THAT THE VENDOR WOULD BE SUBMITTING FOR THE SPECIFIC CONTRACT.
YOUR PAYMENT INSTRUCTIONS MUST NOW INCLUDE ONE OR MORE OF THE PGI PAYMENT INSTRUCTIONS OTHERWISE A “CDR” WILL BE CREATED AND YOUR FUNDS WILL NOT BE OBLIGATED UNTIL A MOD IS ISSUED TO ADD THE CLAUSE(S).
ONE IMPORTANT THING TO KEEP IN MIND IS THAT MOCAS DOES NOT HAVE THE ABILITY TO UNDERSTAND A SIX DIGIT NUMERIC FUNDING INFO CLIN SO THE VENDOR SHOULD NOT BE INVOICING TO THAT LEVEL. BILL AGAINST PARENT CLIN AND IDENTIFY ACRNS AND AMOUNTS TO BE PAID.
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20. ROUND TABLE DISCUSSION
WHY IS MY JON/ESP CODE NOT BEING CHARGED CORRECTLY ON A MOCAS PAID CONTRACT?
MOCAS DOES NOT HAVE A FIELD TO INPUT YOUR JON, YOUR ESP CODE, OR YOUR CSN. AS A RESULT THAT INFORMATION DOES NOT FLOW WITH THE PAYMENT TRANSACTION. HOWEVER, THIS SHOULD NOW ONLY BE AN ISSUES ON YOUR OLDER CONTRACTS. AS OF SUMMER OF 2011, CONWRITE HAD A SYSTEM CHANGE THAT ALLOWS FOR THE CREATION OF A NEW ACRN, IF THE JON OR THE CSN CHANGES OR IF AN ESP CODE IS ADDED.
IF YOU ARE NOT GETTING A NEW ACRN WHEN EVERYTHING ON YOUR LOA IS THE SAME EXCEPT THE JON, CSN, OR ESP CODE, YOU NEED TO TALK WITH YOUR CONTRACTING PERSONNEL AND HAVE THEM GET WITH MARK FITZGERALD IN PK TO DISCUSS HOW THIS IS ACCOMPLISHED IN CONWRITE.
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21. ROUND TABLE DISCUSSION
WHAT IS A CURRENT YEAR FUNDS REQUEST?
A CURRENT YEAR FUNDS REQUEST IS WHAT YOU RECEIVE FROM DFAS WHEN A VENDOR SUBMITS AN INVOICE TO BE PAID AGAINST CANCELED FUNDS.
WHEN THIS OCCURS YOU WILL RECEIVE A REQUEST THROUGH THE ALO THAT YOU WILL SUBMIT BACK THROUGH THEM, PROVIDING FUNDS THAT ARE CURRENT/AVAILABLE FOR OBLIGATION PURPOSES AT THAT TIME FOR THE AMOUNT REQUESTED. MUST BE SAME APPROPRIATION. CONTRACTS ARE NOT MODIFIED FOR THIS PURPOSE.
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22. ROUND TABLE DISCUSSION
WHAT IS A REPLACEMENT FUNDS REQUEST?
THIS IS A LITTLE MORE DIFFICULT TO UNDERSTAND.
WHEN DFAS IS PERFORMING A RECONCILIATION AND THEY IDENTIFY THAT A PAYMENT HAS BEEN PAID INCORRECTLY AGAINST AN INCORRECT ACRN, THEY HAVE TO PROCESS AN ADJUSTMENT TO MAKE THE CORRECTION. IF THE FUNDS ON THE ACRN WHERE THE PAYMENT SHOULD HAVE BEEN MADE WERE CANCELED AT THE TIME THE PAYMENT WAS MADE, YOU WILL RECEIVE A REQUEST FOR REPLACEMENT FUNDING. THE FUNDS THAT YOU PROVIDE FOR THIS REQUEST ARE THE FUNDS THAT WERE CURRENT/AVAILABLE AT THE TIME THE PAYMENT WAS MADE, EVEN IF THOSE FUNDS ARE NOW CANCELED, FOR THE AMOUNT REQUESTED. MUST BE THE SAME APPROPRIATION. CONTRACTS ARE NOT MODIFIED FOR THIS PURPOSE.
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23. ROUND TABLE DISCUSSION
WHAT IS A REPLACEMENT FUNDS REQUEST? (CONTINUED)
EXAMPLE: PAYMENT WAS MADE TO VENDOR IN OCT 2000 ON ACRN AD THAT WAS NOT CANCELED. WHEN THE RECONCILIATION IS PERFORMED THE RECONCILER IDENTIFIES THAT THE PAYMENT SHOULD HAVE BEEN MADE ON ACRN AA THAT CANCELED IN SINCE THE PAYMENT WAS MADE IN OCT 2000, YOU WOULD HAVE TO PROVIDE FUNDS THAT WERE CURRENT/AVAILABLE IN OCT 2000 IN THE AMOUNT REQUESTED, FROM THE SAME APPROPRIATION.
O&M – FY 2000
R&D – FY 1999 OR FY 2000
PROCUREMENT – FY 1998, FY 1999, OR FY 2000
ONLY TIME THAT YOU ARE REQUIRED TO OBLIGATE CANCELED FUNDS IF THE FUNDS THAT WERE CURRENT/AVAILABLE AT THE TIME ARE CANCELED.
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24. ROUND TABLE DISCUSSION
WHAT IS A 4-DAY LETTER?
A 4-DAY LETTER IS SENT TO THE BASE, THAT SHOULD BE SENT ON TO THE RA/FINANCIAL MANAGER.
THIS IS DUE TO AN OBLIGATION THAT NEEDS TO BE POSTED AND THE COMMITMENT CANNOT BE LOCATED OR THE COMMITMENT IS NOT SUFFICIENT TO COVER THE OBLIGATION.
THIS IS DUE TO A TRANSACTION THAT NEEDS TO BE POSTED AND THE OBLIGATION CANNOT BE LOCATED OR THE OBLIGATION IS NOT SUFFICIENT TO COVER THE TRANSACTION.
IF YOU DO NOT RESPOND TO THE TECHNICIAN WITHIN THE ALLOTTED TIME, THE TRANSACTION, WHETHER OBLIGATION OR EXPENSE WILL BE POSTED.
THIS COULD CAUSE AN OVER MANAGEMENT NOTICE AND/OR A NULO.
EXTREMELY IMPORTANT THAT YOU ADDRESS THESE WHEN THEY ARE RECEIVED.
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25. ROUND TABLE DISCUSSION
WHAT IS A 4-DAY LETTER? (CONTINUED)
IF MORE TIME IS NEEDED, CONTACT THE TECHNICIAN AND LET THEM KNOW THAT YOU ARE WORKING THE PROBLEM, AS LONG AS THEY CAN GET IT POSTED BEFORE END OF MONTH, THEY WILL USUALLY WORK WITH YOU ON THIS.
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26. Integrity - Service - Innovation
QUESTIONS
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27. Integrity - Service - Innovation
BACK-UP SLIDES
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28. ROUND TABLE DISCUSSION
PROGRESS PAYMENTS/PERFORMANCE BASED PAYMENTS
BOTH ARE FINANCING PAYMENTS (LOANS)
PERCENTAGE AUTHORIZED IS DETERMINED BY THE CONTRACT CLAUSES AND THE RATING OF THE COMPANY, NORMALLY BETWEEN 80 AND 95 PERCENT
PERCENTAGE AUTHORIZED IS BASED ON THE OBLIGATED FIRM FIXED PRICE VALUE OF THE CONTRACT (ONLY ON FFP CLINS), NOT ON THE TOTAL CONTRACT VALUE, UNLESS ALL CLINS ARE FFP
IF YOUR LINE OF ACCOUNTING IS A REIMBURSABLE LOA, PROGRESS PAYMENTS DO NOT GET CHARGED TO YOUR CUSTOMER. THE PSR SHOULD NOT BE ESTABLISED WITH A “J” AND THE DSR SHOULD NOT HAVE A JON. ALWAYS POSTED TO THE 9940 EEIC.
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29. ROUND TABLE DISCUSSION
PROGRESS PAYMENT/PERFORMANCE BASED PAYMENTS (CONTINUED)
9940 IN THE EEIC FIELD, SPACE BEFORE AND SPACE AFTER
PROGRESS PAYMENTS ARE AUTHORIZED BASED ON INCURRED COSTS. VENDOR IS AUTHORIZED UP TO PERCENTAGE AUTHORIZED IN CONTRACT CLAUSES OF INCURRED COSTS, NOT TO EXCEED THAT PERCENTAGE OF THE OBLIGATED FIRM FIXED PRICE VALUE.
EXAMPLE – OBLIGATED FIRM FIXED PRICE VALUE $100, VENDOR AUTHORIZED 80 PERCENT OF INCURRED COSTS, NTE $80, (CAN’T MIX US AND FMS)
CAN BE BILLED CLIN/ACRN SPECIFIC, BUT MAY NOT BE LIQUIDATED CLIN/ACRN SPECIFIC. PROGRESS PAYMENTS ARE LIQUIDATED AT CONTRACT LEVEL. (CAN’T MIX US AND FMS)
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30. ROUND TABLE DISCUSSION
PROGRESS PAYMENTS/PERFORMACE BASED PAYMENTS (CONTINUED)
PERFORMANCE BASED PAYMENTS ARE BASED ON THE VENDOR MEETING CERTAIN EVENTS THAT ARE SPECIFICED IN THE CONTRACT. (EVENT SCHEDULE CAN BE INCORPORATED INTO THE SECTION G OR INCLUDED AS AN ATTACHMENT TO THE CONTRACT)
WHEN UTILIZING PERFORMANCE BASED PAYMENTS, BE SURE TO TAKE INTO CONSIDERATION WHETHER OR NOT YOUR CONTRACT IS INCREMENTALLY FUNDED, WHEN ESTABLISHING THOSE EVENTS. (DO NOT AUTHORIZE PAYMENT OF AN EVENT IF THE FUNDING IS NOT SUFFICIENT.)
PERFORMANCE BASED PAYMENTS SHOULD BE BILLED CLIN/ACRN SPECIFIC AND WILL BE LIQUIDATED CLIN/ACRN SPECIFIC.
PERCENTAGE NORMALLY AUTHORIZED FOR PERFORMANCE BASED PAYMENTS IS 90 PERCENT. AGAIN THIS IS BASED ON THE
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31. ROUND TABLE DISCUSSION
PROGRESS PAYMENTS/PERFORMANCE BASED PAYMENTS (CONTINUED)
THE CONTRACT CLAUSES AND THE RATING OF THE VENDOR. AMOUNT IS ALSO BASED ON TOTAL OBLIGATED FIRM FIXED PRICE VALUE BY CLIN/ACRN.
IF YOU HAVE AN ACRN THAT FUNDS BOTH FIRM FIXED PRICE CLINS AND T&M CLINS, THEN IT BECOMES THE RESPONSIBILITY OF THE PROGRAM OFFICE TO ENSURE THAT THEY ARE NOT APPROVING PROGRESS PAYMENTS/PERFORMANCE BASED PAYMENTS IN EXCESS OF THE AUTHORIZED PERCENTAGE OF THE OBLIGATED FIRM FIXED PRICE CLINS ON THAT ACRN.
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32. ROUND TABLE DISCUSSION
PROGRESS PAYMENTS/PERFORMANCE BASED PAYMENTS (CONTINUED)
CONTRACT CLAUSES FOR FINANCING PAYMENTS
DFAR – PROGRESS PAYMENTS BASED ON COSTS
DFAR – CUSTOMARY PROGRESS PAYMENT RATES
(A) THE CUSTOMARY PROGRESS PAYMENT RATES FOR DOD CONTRACTS, INCLUDING CONTRACTS THAT CONTAIN FOREIGN MILITARY SALES (FMS) REQUIREMENTS, ARE 80 PERCENT FOR LARGE BUSINESS CONCERNS, 90 PERCENT FOR SMALL BUSINESS CONCERNS, AND 95 PERCENT FOR SMALL DISADVANTAGED BUSINESS CONCERNS.”
MORE INFORMATION CAN BE OBTAINED ON FINANCING PAYMENTS IN THE FAR – FOR PERFORMANCE BASED PAYMENTS AND FOR PROGRESS PAYMENTS
NOTE: YOU CANNOT HAVE BOTH ON ONE CONTRACT PER THE FAR
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