[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1274.908]



[Page 488-489]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents

 

         Subpart 1274.9_Other Provisions and Special Conditions

 

Sec. 1274.908  Milestone payments.



                           Milestone Payments



                                July 2002



    (a) By submission of the first invoice, the Recipient is certifying 

that it has an established accounting system which complies with 

generally accepted accounting principles, with the requirements of this 

agreement, and that appropriate arrangements have been made for 

receiving, distributing, and accounting for Federal funds received under 

this agreement.

    (b) Payments will be made upon the following milestones: [The 

schedule for payments may be based upon the Recipient's completion of 

specific tasks, submission of specified reports, or whatever is 

appropriate.]



Date                Payment                         Amount

                    Milestone





    (c) Upon submission by the recipient of invoices in accordance with 

the provisions of the agreement and upon certification by NASA of 

completion of the payable milestone, the Agreement Officer shall 

authorize payment. Payment shall be made within 30 calendar days after 

receipt of proper invoice. Payment shall be considered as being made on 

the date of electronic funds transfer. A proper invoice must include the 

following:

    (i) Name and address of the recipient.

    (ii) Invoice date (The Recipient is encouraged to date invoices as 

close as possible to the date of the mailing or transmission).

    (iii) Cooperative agreement number.

    (iv) Description, milestone, and extended price of efforts/tasks 

performed.

    (v) Payment terms.

    (vi) Name and address of Recipient official to whom payment is to be 

sent. (Must be the same as that in the cooperative agreement or in a 

proper notice of assignment).

    (vii) Name (where practicable), title, phone number, and mailing 

address of the person to be notified in the event of a defective 

invoice.

    (viii) Any other information or documentation required by the 

cooperative agreement.

    (ix) Taxpayer identification number (TIN).

    (x) While not required, the recipient is strongly encouraged to 

assign an identification number to each invoice.



[[Page 489]]



    (d) A payment milestone may be successfully completed in advance of 

the date appearing in paragraph (b) of this section. However, payment 

shall not be made prior to that date without the written consent of the 

Agreement Officer.

    (e) The recipient is not entitled to partial payment for partial 

completion of a payment milestone.

    (f) Unless approved by the Agreement Officer, all preceding payment 

milestones must be completed before payment can be made for the next 

payment milestone.

    (g) (i) If the Recipient is authorized to submit invoices directly 

to the NASA paying office, the original invoice should be submitted to:

    [Insert the mailing address for submission of cost vouchers]

    (ii) If the Recipient is not authorized to submit invoices directly 

to the NASA paying office, the original invoice should be submitted to 

the Agreement Officer for certification.

    (iii) Copies of the recipient's invoice should be submitted to the 

following offices:

    (A) Copy 1--NASA Agreement Officer.

    (B) Copy 2--Auditor.

    (C) Copy 3--Contract administration office.

    (D) Copy 4--Project management office.

    (E) Copy 5--Other recipients as designated by the Agreement Officer.



                           [End of provision]