4386. APPLICATION FOR ADVANCE PAYMENTS

4386 APPLICATION FOR ADVANCE PAYMENTS 4386.1 An eligible contractor may apply for advance payments before or after the award of a contract. 4386.2 The contractor or prospective contractor shall submit an advance payment request to the DCPL CPO in writing, which provides the following information: (a) A reference to the contract, if the request concerns an existing contract, or a reference to the solicitation, if the request concerns a proposed contract; (b) A cash flow forecast showing estimated disbursements and receipts for the period of contract performance; (c) The proposed total amount of advance payments; (d) A description of the contractor's efforts to obtain private financing; (e) Whether the contractor is receiving or has applied to receive advance payments under any other current District contracts or solicitations; and (f) Other information appropriate to an understanding of the following: The contractor's financial condition and need; The contractor's ability to perform the contract without loss to the District; and Financial safeguards that will be used to protect the District's interests. SOURCE: Final Rulemaking published at 64 DCR 1378 (February 10, 2017). District of Columbia Municipal Regulations Amusements, Parks, and Recreation 19 DCMR § 4386