Laserfiche WebLink
VA261-12-C-0187 Fire Protection Services for Livermore VAMC <br /> (i) Payment.- <br /> (1) Items accepted. Payment shall be made for items accepted by the Government t:-tat have been <br /> delivered to the delivery destinations set forth in this contract. <br /> (2)Prompt payment. The Government will make payment in accordance with the Prompt Payment Act <br /> (31 U.S.C. 3903) and prompt payment regulations at 5 CFR part 1315. <br /> (3) Electronic Funds Transfer(EFT). If the Government makes payment by EFT, see 52.212-5(b) for <br /> the appropriate EFT clause. <br /> (4)Discount. In connection with any discount offered for early payment,time shall be computed from <br /> the date of the invoice. For the purpose of computing the discount earned, payment shall be considered to <br /> have been made on the date which appears on the payment check or the specified payment date if an <br /> electronic funds transfer payment is made. <br /> (5) Overpayments. If the Contractor becomes aware of a duplicate contract financing or invoice <br /> payment or that the Government has otherwise overpaid on a contract financing or invoice payment, the <br /> Contractor shall-- <br /> (i)Remit the overpayment amount to the payment office cited in the contract along with a description <br /> of the overpayment including the-- <br /> (A) Circumstances of the overpayment(e.g., duplicate payment, erroneous payment, liquidation <br /> errors, date(s) of overpayment); <br /> (B) Affected contract number and delivery order number, if applicable; <br /> (C) Affected contract line item or subline item, if applicable; and <br /> (D) Contractor point of contact. <br /> (ii) Provide a copy of the remittance and supporting documentation to the Contracting Officer. <br /> (6)Interest. <br /> (i) All amounts that become payable by the Contractor to the Government under this contract shall <br /> bear simple interest from the date due until paid unless paid within 30 days of becoming due. The interest <br /> rate shall be the interest rate established by the Secretary of the Treasury as provided in Section 611 of the <br /> Contract Disputes Act of 1978 (Public Law 95-563), which is applicable to the period in which the <br /> amount becomes due,as provided in(i)(6)(v) of this clause, and then at the rate applicable for each six- <br /> month period as fixed by the Secretary until the amount is paid. <br /> (ii)The Government may issue a demand for payment to the Contractor upon finding a debt is due <br /> under the contract. <br /> (Hi) Final decisions.The Contracting Officer will issue a final decision as required by 33.211 if-- <br /> (A)The Contracting Officer and the Contractor are unable to reach agreement on the existence or <br /> amount of a debt within 30 days; <br /> Page 7 of 34 <br />