Sec. 311. Commercially acceptable transaction and payment methods
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/bill/118/s/5618/is/section-311A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case contracts using commercial procedures or other transactions, procurement officials of the Department of Defense shall use the most efficient, expeditious, and commercially acceptable transaction and payment methods practicable. In the case of an acquisition of commercial products, commercial services, nondevelopmental items, or other transactions agreements up to $25,000,000, a procurement official— may use the Government purchase card as a transaction and payment method subject to the limitations of the contracting officer’s warrant and Department of Defense purchase card procedures and limitations; may not use flexibly priced contracts that require the application of the Government’s cost accounting standards or cost principles; and may not provide for advance payments or contract financing greater than 15 percent.
Nothing in this section shall affect the ability of the Department of Defense to use micro-purchase procedures for acquisitions below the micro-purchase threshold.