32.1003  Criteria for use.

FAC 2005-23 JANUARY 25, 2008

The contracting officer may use performance-based payments for individual orders and contracts provided-

(a)  The contracting officer and offeror agree on the performance-based payment terms;

(b)  The contract, individual order, or line item is a fixed-price type;

(c)  For indefinite delivery contracts, the individual order does not provide for progress payments; and

(d)  For other than indefinite delivery contracts, the contract does not provide for progress payments.