D.C. Mun. Regs. tit. 19, r. 19-4386

Current through Register Vol. 71, No. 37, September 13, 2024

Rule 19-4386 - APPLICATION FOR ADVANCE PAYMENTS

4386.1

An eligible contractor may apply for advance payments before or after the award of a contract.

4386.2

The contractor or prospective contractor shall submit an advance payment request to the DCPL CPO in writing, which provides the following information:

(a) A reference to the contract, if the request concerns an existing contract, or a reference to the solicitation, if the request concerns a proposed contract;

(b) A cash flow forecast showing estimated disbursements and receipts for the period of contract performance;

(c) The proposed total amount of advance payments;

(d) A description of the contractor's efforts to obtain private financing;

(e) Whether the contractor is receiving or has applied to receive advance payments under any other current District contracts or solicitations; and

(f) Other information appropriate to an understanding of the following:

(1) The contractor's financial condition and need;

(2) The contractor's ability to perform the contract without loss to the District; and

(3) Financial safeguards that will be used to protect the District's interests.

D.C. Mun. Regs. tit. 19, r. 19-4386

Final Rulemaking published at 64 DCR 1378 (2/10/2017)