https://www.gao.gov/products/098025

B-186189: Sep 16, 1976

The agency requested advice regarding the propriety of availing itself of prompt payment discounts set forth in invoices submitted by a contractor. Over a substantial period of time, the contractor offered in its invoices prompt payment discounts which were not offered in its bids nor specified in the resulting contracts. Since the contracting activity expedited payments to avail itself of the dis...

https://www.gao.gov/products/463849

B-186189: Sep 16, 1976

DISCOUNTS WERE PROPERLY TAKEN AND NEED NOT BE REFUNDED. THIS REQUEST WAS INITIATED BY THE FOLLOWING EVENTS. IN WHICH WAS SET FORTH A PROMPT PAYMENT DISCOUNT OF "1% 20 DAYS. " WAS PAID BY THE GPO WITHIN 20 DAYS. WHILE THE SUM OF $116.72 WAS REFUNDED BY THE GPO TO GLOBE. THE GPO QUESTIONS WHETHER IT WAS LEGALLY BOUND TO MAKE THIS REFUND. IT IS ALSO NOTED THAT GPO FILES CONTAIN RECORDS OF NUMEROUS OT...