DoD Revives Standard Payment Form for Contractors
Published Date: 5/4/2026
Notice
Summary
The Department of Defense is bringing back a form that businesses must fill out when bidding on contracts with performance-based payments. This form asks companies to confirm if their financial statements follow standard accounting rules. About 483 businesses will respond once a year, and comments on this update are open until June 3, 2026.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
DoD GAAP representation for bidders
If you bid on a Department of Defense contract that may include performance-based payments, you must complete a representation (DFARS 252.232-7015) in the System for Award Management stating whether your financial statements comply with Generally Accepted Accounting Principles. About 483 businesses will fill this once per year, the form has an OMB control number 0750-0001, the average burden is 0.1 hour per response (48.3 annual burden hours), and comments are due by June 3, 2026. DoD will use the box you check to decide eligibility for performance-based payments.
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