How should Contractors identify payments as remittances to be applied toward their discount if they are paying by check?
Proper identification of discount remittances assures credit to the proper contract account. The Contractor must follow the instructions in the Discount Clause and include the following identifying information: contract number(s), report amount(s), and report period(s). If a payment is submitted for more than one contract and/or for multiple report periods, the portion of the payment to be allocated to each report period and each contract number must be identified.
