[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR13.401]

[Page 212]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 13_SIMPLIFIED ACQUISITION PROCEDURES--Table of Contents
 
                   Subpart 13.4_Fast Payment Procedure
 
Sec.  13.401  General.


    (a) The fast payment procedure allows payment under limited 
conditions to a contractor prior to the Government's verification that 
supplies have been received and accepted. The procedure provides for 
payment for supplies based on the contractor's submission of an invoice 
that constitutes a certification that the contractor--
    (1) Has delivered the supplies to a post office, common carrier, or 
point of first receipt by the Government; and
    (2) Shall replace, repair, or correct supplies not received at 
destination, damaged in transit, or not conforming to purchase 
agreements.
    (b) The contracting officer shall be primarily responsible for 
collecting debts resulting from failure of contractors to properly 
replace, repair, or correct supplies lost, damaged, or not conforming to 
purchase requirements (see 32.605(b) and 32.606).