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A memorandum of understanding (MOU) is a document that describes the broad outlines of an agreement that two or more parties have reached. Invoices must detail expenses and charges in accordance with any purchase orders issued; total payment shall not exceed the accepted bid amount.As part ofthis commitment, in 2011 OMB issued Memorandum M1132, "Accelerating Payments to Small. The purpose of this memorandum is to clarify the proper accounting and reporting of. Contract Financing Payments (CFPs). 00 (the "NTE Amount"). This memo will focus specifically on the first recommendation. This memo will focus specifically on the first recommendation. FAR Class Deviation Progress Payment Rates Based on Costs. 1. Purpose​. Agencies are reminded that the payment of air travel is due within 30 days.