48 C.F.R. §§ 252.232-7002

Current through September 30, 2024
Section 252.232-7002 - Progress Payments for Foreign Military Sales Acquisitions

As prescribed in 232.502-4-70(a), use the following clause:

Progress Payments for Foreign Military Sales Acquisitions (MAY 2023)

If this contract includes foreign military sales (FMS) requirements, the Contractor shall-

(a) Submit separate progress payment requests for the FMS and U.S. line items in the contract;
(b) Submit a supporting schedule showing the amount of each request distributed to each country's requirements;
(c) Identify in each progress payment request the contract requirements to which it applies (i.e., FMS or U.S.);
(d) Calculate each request on the basis of the prices, costs (including costs to complete), subcontract financing, and progress payment liquidations of the contract requirements to which it applies; and
(e) Distribute costs among the countries in a manner acceptable to the Administrative Contracting Officer.

(End of clause)

48 C.F.R. §§252.232-7002

88 FR 33833, May 25, 2023
88 FR 33833, 5/25/2023