[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR33.208]



[Page 718]

 

            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]