52.241-13 — Capital Credits.
Researched by the BidStride Research Team
What This Clause Requires
FAR 52.241-13 — Capital Credits.. This clause is part of the Federal Acquisition Regulation and may be included in government contracts as a solicitation provision or contract clause.
Official Regulation Text
52.241-13 Capital Credits. As prescribed in 41.501(d)(7), insert a clause substantially the same as the following: Capital Credits (FEB 1995) (a) The Government is a member of the ____ [ insert cooperative name ], and as any other member, is entitled to capital credits consistent with the bylaws of the cooperative, which states the obligation of the Contractor to pay capital credits and which specifies the method and time of payment. (b) The Contractor shall furnish to the Contracting Officer, or the designated representative of the Contracting Officer, in writing, on an ____ basis [ insert period of time ] a list of accrued credits by contract number, year, and delivery point. (c) Payment of capital credits will be made by check, payable to the ____ [ insert agency name ], and forwarded to the Contracting Officer at ____ [ insert agency address ], unless otherwise directed in writing by the Contracting Officer. Checks shall cite the current or last contract number and indicate whether the check is partial or final payment for all capital credits accrued. (End of clause) [59 FR 67025, Dec. 28, 1994]
Compliance Checklist
- (b) The Contractor shall furnish to the Contracting Officer, or the designated representative of the Contracting Officer, in writing, on an ____ basis [ insert period of time ] a list of accrued credits by contract number, year, and delivery point.
- Checks shall cite the current or last contract number and indicate whether the check is partial or final payment for all capital credits accrued.
Flow-Down to Subcontractors
No flow-down required
This clause applies only to the prime contract and does not need to be flowed down to subcontractors.
Frequently Asked Questions
FAR 52.241-13 (Capital Credits.) is a federal acquisition regulation clause that may be included in government contracts. It falls under the general category.
FAR 52.241-13 is typically required when the contracting officer determines it's applicable to the specific procurement. Check the solicitation's Section I for included clauses.
Whether FAR 52.241-13 flows down depends on the specific clause language and contract type. Review the clause text for flow-down provisions.
This summary is for informational purposes only and reflects the BidStride Research Team's plain-English interpretation of the regulation. It is not legal advice and does not constitute an attorney-client relationship. Always consult the official Federal Acquisition Regulation (FAR) or Defense Federal Acquisition Regulation Supplement (DFARS) text and qualified legal counsel for compliance decisions.