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Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.14.408-3 Prompt payment discounts

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Prompt payment discounts shall not be considered in the evaluation of bids. However, any discount offered will form a part of the award, and will be taken by the payment center if payment is made within the discount period specified by the bidder. As an alternative to indicating a discount in conjunction with the offer, bidders may prefer to offer discounts on individual invoices.

(b) See 32.111(b)(1), which prescribes the contract clause at 52.232–8, Discounts for Prompt Payment.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.14.408-3 Prompt payment discounts - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-14-408-3/

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