32.603  Debt determination.

FAC 2005-27 OCTOBER 17, 2008

(a)  If the contracting officer has any indication that a contractor owes money to the Government under a contract, the contracting officer shall determine promptly whether an actual debt is due and the amount. Any unnecessary delay may contribute to-

(1)  Loss of timely availability of the funds to the program for which the funds were initially provided;

(2)  Increased difficulty in collecting the debt; or

(3)  Actual monetary loss to the Government.

(b)  The amount of indebtedness determined by the contracting officer shall be an amount that-

(1)  Is based on the merits of the case; and

(2)  Is consistent with the contract terms.