Section 27-3207. APPLICATION FOR ADVANCE PAYMENTS

 

3207.1An eligible contractor may apply for advance payments before or after the award of a contract.

 

3207.2The contractor or prospective contractor shall submit an advance payment request to the contracting officer 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)The name and address of the bank at which the contractor expects to establish a special depository account for the advance payments;

 

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

 

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

 

(g)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.

 

source

Final Rulemaking published at 35 DCR 1628 (February 26, 1988).