DoD Information Collection on DFARS Performance-Based Payments Representation
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Seeks renewed approval for a DoD information collection tied to defense contract offers that may include performance-based payments. Businesses and nonprofit institutions bidding on covered DoD solicitations must state, through SAM annual representations and certifications, whether their financial statements follow Generally Accepted Accounting Principles. DoD uses that answer to decide whether an offeror can receive performance-based payments. The estimated burden is small: 483 respondents, one response each, about 0.1 hour per response. Comments are due by June 3, 2026.
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Key Changes
- DoD is seeking renewed OMB approval for the DFARS performance-based payments information collection.
- Covered offerors must indicate in SAM whether their financial statements comply with Generally Accepted Accounting Principles.
- DoD will use the response to assess eligibility for performance-based payments, with public comments due June 3, 2026.
Obligations
What this law requires
For DoD solicitations where the resulting contract may include performance-based payments, the offeror must complete DFARS 252.232-7015 by checking the box in SAM annual representations and certifications indicating whether its financial statements comply with Generally Accepted Accounting Principles (GAAP).