[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: 48CFR33.208]

[Page 694]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 33_PROTESTS, DISPUTES, AND APPEALS--Table of Contents
 
                    Subpart 33.2_Disputes and Appeals
 
Sec.  33.208  Interest on claims.

    (a) The Government shall pay interest on a contractor's claim on the 
amount found due and unpaid from the date that--
    (1) The contracting officer receives the claim (certified if 
required by 33.207(a)); or
    (2) Payment otherwise would be due, if that date is later, until the 
date of payment.
    (b) Simple interest on claims shall be paid at the rate, fixed by 
the Secretary of the Treasury as provided in the Act, which is 
applicable to the period during which the contracting officer receives 
the claim and then at the rate applicable for each 6-month period as 
fixed by the Treasury Secretary during the pendency of the claim. (See 
32.614 for the right of the Government to collect interest on its claims 
against a contractor).
    (c) With regard to claims having defective certifications, interest 
shall be paid from either the date that the contracting officer 
initially receives the claim or October 29, 1992, whichever is later. 
However, if a contractor has provided a proper certificate prior to 
October 29, 1992, after submission of a defective certificate, interest 
shall be paid from the date of receipt by the Government of a proper 
certificate.

[59 FR 11381, Mar. 10, 1994, as amended at 60 FR 48230, Sept. 18, 1995]