32.608-1 Interest charges.

FAC 2005-27 OCTOBER 17, 2008

Unless specified otherwise in the clause at 52.232-17, Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless-

(a)  The contract is a kind excluded under 32.611; or

(b)  The contract or debt has been exempted from interest charges under agency procedures.