Standard DAR Payment Clauses.

Abstract

This report presents an analysis of whether Department of Defense (DoD) payment practices comply with the Department of the Treasury's cash management regulations. It was found that the Defense Acquisition Regulation (DAR) payment clauses do not contain the necessary language to specify payment due dates and are inconsistent with the Treasury regulations. After reviewing payments covering 2815 invoices, with a dollar value of $29 million, from 40 payment centers of the Army, Navy, Air Force, and DLA, it was found that DoD payment practices do not conform to the Treasury regulations. To promote compliance with the Treasury regulations, the study recommends that two new clauses, 'Timing of Disbursements' and Discount Terms,' be added to the DAR, rather than amending each of the DAR payment clauses. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1979
Accession Number
ADA080197

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  • Defense Financial Management and Audit.
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