. In advance of delivery to and acceptance by The federal government, the Contractor shall bear the potential risk of decline for property, the title to which vests in the Government underneath this clause, besides on the extent The federal government expressly assumes the danger. If any residence is misplaced (see forty five.

(eight) not remaining the cardholder, and with no powerful consent of your cardholder, he possesses a charge card or debit card with intent to employ it;

one zero one), The idea of payment (the occasions or performance standards) to which the home is similar shall be deemed being not in compliance Using the terms on the agreement and never payable (if the home is a component of or needed for functionality), and also the Contractor shall refund the linked overall performance-primarily based payments in accordance with paragraph (d) of the clause.

A higher, or more quickly, inventory turnover decreases the cash conversion cycle. Hence, an improved inventory turnover can be a positive to the CCC and a corporation’s In general performance.

(g) If carry out that constitutes an offense beneath this part also constitutes an offense less than another regulation, the actor may be prosecuted underneath this portion or the other regulation.

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CCC signifies how promptly a business can convert cash from investment to returns. The decreased the CCC, the higher.

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(three) "Cardholder" usually means the individual named within the face of the credit card to whom or click here for whose gain the bank card is issued, and involves the named person's agents.

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. The Contractor shall preserve information and controls enough for administration of the clause. The Contractor shall have no entitlement to functionality-centered payments throughout any time the Contractor’s information or controls are determined by the Contracting Officer to get insufficient for administration of the clause.

(2) "Educational prerequisite" implies a requirement or prerequisite to obtain training course credit rating or to accomplish a class of study or diploma, diploma, or certification application at an establishment of bigger education.

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(two) A payment beneath this efficiency-based payment clause is usually a agreement funding payment beneath the Prompt Payment clause of the agreement instead of matter towards the interest penalty provisions of your Prompt Payment Act.