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                            HUDAR
                            Subpart 2432.9 - Prompt Payment
        
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HUDARPart Number: 2432
        
                  

                                
                  
        HUD Acquisition Regulation
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Subpart 2432.9 - Prompt Payment    **Parent topic:**  PART 2432 - CONTRACT FINANCING2432.903 Policy.       (a) The Senior Procurement Executive is the agency head's designee for the purposes of FAR 32.903(a).2432.906 Making payments.       (a) *General.* The authority to make the determination prescribed in FAR 32.906(a) is delegated to the HCA. Before making this determination, the HCA shall consult with the appropriate payment office to ensure that procedures are in place to permit timely payment.2432.908 Contract clauses.       (c)          (1)  			The contracting officer shall insert the clause at 2452.232-73, Constructive Acceptance Period, in solicitations and contracts when the contracting officer has determined that an acceptance period longer than the 7 days provided for in the FAR clause at 52.232-25, “Prompt Payment,” is needed.          (2) The contracting officer shall insert a clause substantially the same as provided at 2452.232-70, Payment Schedule and Invoice Submission (Fixed-price), in fixed-price contracts other than performance-based contracts under which performance-based payments will be used.          (3) The contracting officer shall insert a clause substantially the same as provided at 2452.232-71, Voucher Submission, in all cost-reimbursement, time-and-materials, and labor-hour type solicitations and contracts. The contracting officer shall insert the billing period agreed upon with the contractor (see also the FAR clause at 52.216-7, “Allowable Cost and Payment”).          (4) The Contracting Officer may substitute appropriate language for the clauses in paragraph (c)(2) and (3) of this clause when payment under the contract will be made on the basis of other than the submission of an invoice or voucher; e.g., directly from proceeds of property sales.
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