Clause
52.232-40 Providing Accelerated Payments to Small Business Subcontractors.
(a)(1) In accordance with 31 U.S.C. 3903 and 10 U.S.C. 3801, within 15 days after receipt of accelerated payments from the Government, the Contractor shall make accelerated payments to its small business subcontractors under this contract, to the maximum extent practicable and prior to when such payment is otherwise required under the applicable contract or subcontract, after receipt of a proper invoice and all other required documentation from the small business subcontractor.
- Type: Clause (C)
- Prescribed in: 32.009-2
- Effective: Mar 2023
- Primary source: eCFR 48 CFR 52.232-40 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.