As prescribed in 232.412-70(a), use the following clause:
Advance Payment Pool (APR 2020)
(a) Notwithstanding any other provision of this contract, advance payments will be made for contract performance in accordance with the Determinations, Findings, and Authorization for Advance payment dated _______.
(b) Payments made in accordance with this clause shall be governed by the terms and conditions of the Advance Payment Pool Agreement between the United States of America and [insert the name of the Contractor]”. The Agreement is incorporated in the contract by reference.
(c) When a letter of credit has not been issued to the Contractor in conjunction with the contract, payment will be by a dual payee Treasury check made payable to the Contractor or the disbursing office in the Advance Payment Pool Agreement and will be forwarded to that disbursing office for appropriate disposition.
(End of clause)
[56 FR 36479, July 31, 1991, as amended at 85 FR 19700, Apr. 8, 2020]