As prescribed in 232.1005-70 (b), use the following provision:
PERFORMANCE-BASED PAYMENTS—REPRESENTATION (APR 2020)
(a) In accordance with 10 U.S.C. 2307(b)(4)(A), the Contractor’s financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments.
(b) The Offeror represents that its financial statements are [ ] are not [ ] in compliance with Generally Accepted Accounting Principles.
(End of provision)