Common Contracts

1 similar Federal Acquisition Regulation 52.232–30 contracts

Federal Acquisition Regulation 52.232–30
Federal Acquisition Regulation 52.232–30 • August 26th, 2014

this contract. Upon receipt of adequate secu- rity, financing payments shall be made, in- cluding all previous payments to which the Contractor is entitled, in accordance with the terms of the provisions for contract fi- nancing. If at any time the Contracting Offi- cer determines that the security provided by the Contractor is insufficient, the Con- tractor shall promptly provide such addi- tional security as the Contracting Officer de- termines necessary. In the event the Con- tractor fails to provide such additional secu- rity, the Contracting Officer may collect or liquidate such security that has been pro- vided and suspend further payments to the Contractor; and the Contractor shall repay to the Government the amount of unliqui- dated financing payments as the Contracting Officer at his sole discretion deems repay- able.