Prompt payment discounts.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Prompt payment discounts. 14.408-3 Section 14.408-3 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES SEALED BIDDING Opening of Bids and Award of Contract 14.408–3 Prompt payment discounts. (a) Prompt payment discounts shall not be considered in the evaluation of bids. However, any discount offered will form a part of the award, and will be taken by the payment center if payment is made within the discount period specified by the bidder. As an alternative to indicating a discount in conjunction with the offer, bidders may prefer to offer discounts on individual invoices. (b) See 32.111(b)(1), which prescribes the contract clause at 52.232–8, Discounts for Prompt Payment. [48 FR 42171, Sept. 19, 1983, as amended at 50 FR 26903, June 28, 1985. Redesignated at 60 FR 34738, July 3, 1995; 70 FR 43581, July 27, 2005]