Clause
52.232-17 Interest.
(a) Except as otherwise provided in this contract under a Price Reduction for Defective Certified Cost or Pricing Data clause or a Cost Accounting Standards clause, all amounts that become payable by the Contractor to the Government under this contract shall bear simple interest from the date due until paid unless paid within 30 days of becoming due. The interest rate shall be the interest rate established by the Secretary of the Treasury as provided in 41 U.S.C. 7109, which is applicable to the period in which the amount becomes due, as provided in paragraph (e) of this clause, and then at th
- Type: Clause (C)
- Prescribed in: 32.611(a)
- Effective: May 2014
- Primary source: eCFR 48 CFR 52.232-17 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.