Term -Invoice payment

Invoice payment means a Government disbursement of monies to a
contractor under a contract or other authorization for supplies or
services accepted by the Government.
    (1) Invoice payments include–
        (i)
Payments for partial deliveries that have been accepted by the
Government;
        (ii)
Final cost or fee payments where amounts owed have been settled between
the Government and the contractor;
        (iii) For purposes of Subpart 32.9 only, all payments made under the clause at
52.232-5, Payments Under Fixed-Price Construction Contracts, and the
clause at 52.232-10, Payments Under Fixed-Price Architect-Engineer
Contracts; and
        (iv)
Interim payments under a cost-reimbursement contract for services when
Alternate I of the clause at 52.232-5, Prompt Payment, is used.
    (2) Invoice payments do not include
contract financing payments.

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