Clause

52.228-14 Irrevocable Letter of Credit.

(a) “Irrevocable letter of credit” (ILC), as used in this clause, means a written commitment by a federally insured financial institution to pay all or part of a stated amount of money, until the expiration date of the letter, upon presentation by the Government (the beneficiary) of a written demand therefor. Neither the financial institution nor the offeror/Contractor can revoke or condition the letter of credit.

Type: Clause (C)
Prescribed in: 28.204-4
Effective: Nov 2014
Primary source: eCFR 48 CFR 52.228-14 · acquisition.gov

Text excerpt from the eCFR API; read the full clause at the eCFR link above.

Applicability in the matrix

Contract types for 52.228-14 as published in the Smart Matrix
IBR	Yes Incorporated by reference
UCF	I
FP SUP	A As prescribed
CR SUP	A As prescribed
FP R&D	A As prescribed
CR R&D	A As prescribed
FP SVC	A As prescribed
CR SVC	A As prescribed
FP CON	A As prescribed
CR CON	A As prescribed
T&M LH	A As prescribed
LMV	A As prescribed
COM SVC	A As prescribed
DDR	A As prescribed
A&E	A As prescribed
FAC	A As prescribed
IND DEL	A As prescribed
TRN	A As prescribed
SAP	A As prescribed
UTL SVC	A As prescribed

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