Section 19-4386. APPLICATION FOR ADVANCE PAYMENTS

 

4386.1An eligible contractor may apply for advance payments before or after the award of a contract.

 

4386.2The contractor or prospective contractor shall submit an advance payment request to the DCPL CPO in writing, which provides the following information:

 

(a)A reference to the contract, if the request concerns an existing contract, or a reference to the solicitation, if the request concerns a proposed contract;

 

(b)A cash flow forecast showing estimated disbursements and receipts for the period of contract performance;

 

(c)The proposed total amount of advance payments;

 

(d) A description of the contractor's efforts to obtain private financing;

 

(e)Whether the contractor is receiving or has applied to receive advance payments under any other current District contracts or solicitations; and

 

(f)Other information appropriate to an understanding  of the following:

 

(1) The contractor's financial condition and need;

 

(2) The contractor's ability to perform the contract without loss to the District; and

 

(3) Financial safeguards that will be used to protect the District's interests.

 

 

authority

An Act to establish and provide for the maintenance of a free public library and reading room in the District of Columbia, approved June 3, 1896, as amended (29 Stat. 244, ch. 315, § 5; D.C. Official Code § 39-105 (2012 Supp.)); Section 3205 (jjj) of the District of Columbia Government Comprehensive Merit Personnel Act of 1978, effective March 3, 1979 (D.C. Law 2-139; D.C. Official Code § 39-105 (2012 Supp.)); Section 2 of the District of Columbia Public Library Board of Trustees Appointment Amendment Act of 1985, effective September 5, 1985 (D.C. Law 6-17; D.C. Official Code § 39-105 (2012 Supp.)); the Procurement Reform Amendment Act of 1996, effective April 12, 1997, as amended (D.C. Law 11-259; 44 DCR 1423 (March 14, 1997)); and Section 156 of An Act Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes, approved October 21, 1998 (112 Stat. 2681, Pub. L. 105-277; codified at D.C. Official Code § 39-105 (2012 Repl.)).

source

Final Rulemaking published at 64 DCR 1378 (February 10, 2017).