Sec.  52.232-7  Payments under Time-and-Materials and Labor-Hour Contracts.

6. Amend section 52.232-7 by-

a. Revising the date of the clause;

b. Revising the introductory text of paragraph (a)(5);

c. Removing from the last sentence of paragraph (f) "1 year" and adding "120 days" in its place; and

d. Removing "Alternate I".

The revised text reads as follows:

Sec. 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.

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Payments Under Time-and-Materials and Labor-Hour Contracts (AUG 2012)

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(a) * * *

(5)  Vouchers may be submitted not more than once every two weeks, to the Contracting Officer or authorized representative. A small business concern may receive more frequent payments than every two weeks. The Contractor shall substantiate vouchers (including any subcontractor hours reimbursed at the hourly rate in the schedule) by evidence of actual payment and by--

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[FR Doc. 2012-17727 Filed 7-25-12; 8:45 am]

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