D.C. Mun. Regs. r. 27-3207

Current through Register Vol. 71, No. 24, June 14, 2024

Rule 27-3207 - APPLICATION FOR ADVANCE PAYMENTS

3207.1

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

3207.2

The contractor or prospective contractor shall submit an advance payment request to the contracting officer 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) The name and address of the bank at which the contractor expects to establish a special depository account for the advance payments;

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

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

(g) 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. r. 27-3207

Final Rulemaking published at 35 DCR 1628 (February 26, 1988)