DFARS 252.209-7007 Prohibited Financial Interests for Lead System Integrators
Prescribed in 209.570-4(b) | |
Effective Date: | 1 July 2009 |
Clause or Provision: | Clause |
Provision or Clause Number: | S 252.209-7007 Prohibited Financial Interests for Lead System Integrators |
Principle Type And/Or Purpose of Contract: | |
Required: | |
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Prescription Overview: |
Prescription(b) Use the clause at 252.209-7007, Prohibited Financial Interests for Lead System Integrators—
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Clause Overview: |
ClausePROHIBITED FINANCIAL INTERESTS FOR LEAD SYSTEM INTEGRATORS (JUL 2009)(a) Definitions As used in this clause—
The Contracting Officer has determined that the Contractor meets the definition of lead system integrator with [ ] without [ ] system responsibility. Unless an exception is granted, the Contractor shall not have any direct financial interest in the development or construction of any individual system or element of any system of systems while performing lead system integrator functions in the acquisition of a major system by the Department of Defense under this contract.
The Contractor agrees that during performance of this contract it will not acquire any direct financial interest as described in paragraph (b) of this clause, or, if it does acquire or plan to acquire such interest, it will immediately notify the Contracting Officer. The Contractor further agrees to provide to the Contracting Officer all relevant information regarding the change in financial interests so that the Contracting Officer can determine whether an exception applies or whether the Contractor will be allowed to continue performance on this contract. If a direct financial interest cannot be avoided, eliminated, or mitigated to the Contracting Officer’s satisfaction, the Contracting Officer may terminate this contract for default for the Contractor’s material failure to comply with the terms and conditions of award or may take other remedial measures as appropriate in the Contracting Officer’s sole discretion.
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Incorporated by Reference: | Yes |
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Editor: | Marshall |
Personal notes.