[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1274.908]

[Page 490-491]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                   CHAPTER V--NATIONAL AERONAUTICS AND
                          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

[[Page 491]]

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.
    (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]