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In This Issue From the Editor Prompt Payment Discounts Are

(8 days ago) Prompt Payment Discounts in Practice Let’s say your company has agreed to prompt payment terms of 1% 10 Days, Net 30 under its GSA Schedule contract and has just received its first GSA Schedule task order. The prompt payment discount terms, 1% 10 Days, Net 30, must be displayed on all …

https://vsc.gsa.gov/education/files/GSAStepsWinter2013.pdf

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GSA Vendor Support Center

(Just Now) Prompt Payment Discounts: If you have negotiated prompt payment discounts into your contract, you are required to provide this information on invoices for orders under this contract. It should be noted that any negotiated prompt payment discounts do not apply to purchases made with the SmartPay 2 credit card (government purchase card).

https://vsc.gsa.gov/administration/compDetails.cfm

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52.232 8 Discounts for Prompt Payment. Acquisition.GOV

(Just Now) Discounts for Prompt Payment (Feb 2002) (a) Discounts for prompt payment will not be considered in the evaluation of offers. However, any offered discount will form a part of the award, and will be taken if payment is made within the discount period indicated in the offer by the offeror.

https://www.acquisition.gov/far/52.232-8

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Prompt Payment: Discounts on Payments

(1 days ago) Under the Prompt Payment rule, agencies may take an offered discount if it is economically justified and if the agency has accepted the good or services, but they are not required to do so. If the agency takes the discount, payment is due in accordance with the discount terms.

https://www.fiscal.treasury.gov/prompt-payment/discounts.html

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Contractor Assistance Visits GSA

(4 days ago) If prompt payment discount terms are awarded in the contract, you are required to display the prompt payment information on all Schedule invoices. Any prompt payment discounts awarded under the Schedule contract are binding for all orders placed under the contract and other concessions can not be substituted for these payment discounts.

https://www.gsa.gov/portal/getMediaData?mediaId=227511

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Which Clauses in the Basic Schedules Contract flow down to

(1 days ago) <p>sidabey,</p><p>A Prompt Payment Discount shown in the GSA FSS Contract ALWAYS apply to the TO, otherwise it has no meaning. &nbsp;The Prompt Payment Discount is in addition to and completely separate from any other discount offered at the TO level. &nbsp;In other words, it is mutually exclusive and applies. &nbsp;In fact, it is the duty of the Task Order CO under …

https://interact.gsa.gov/blog/which-clauses-basic-schedules-contract-flow-down-task-orders-issued-against-those-contracts

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Prompt payment discount – GSA Schedule

(6 days ago) Tags Archives: prompt payment discount. 4 years ago IT Schedule 70 No comment. Schedule 70 Cyber SINS: 4 Topics you’ll Definitely Need to Cover for Your Technical Oral Evaluation . Source: Winvale – GSA Schedule Blog. 5 years ago GSA Schedule Blog Topics No comment. Transactional Data Reporting (TDR) has Arrived at GSA Schedule 70 .

https://www.gsaschedule.com/tag/prompt-payment-discount/

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GSA – Shore Solutions

(Just Now) Managing Contract Office: GSA Funds Accepted: GPC FOB Term: Destination Quantity Discounts. Prompt Payment Discount: 1% 10 days, NET 30; Quantity Discounts: 1% discount for single purchases in excess of $50,000.00; SINS: 051 200, 051 400, 051 99, 105 001, 105 002, 105 003, 577 002, 577 003, 577 005, 639 001. GSA MAS CONTRACT SCHEDULE 75

http://shoresolutions.com/gsa/

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552.238 84 DISCOUNTS FOR PROMPT PAYMENT (MAY 2019)

(6 days ago) 552.238-84 discounts for prompt payment (may 2019) (a) Discounts for early payment (hereinafter referred to as “discounts” or “the discount”) will be considered in evaluating the relationship of the Offeror's concessions to the Government vis-a-vis the

https://sws.gsa.gov/sws-search/generateClauseBodyPdf.do?method=generateClauseBody&solNo=NDdRU01EMjBSMDAwMQ==&refreshNo=5&clauseNo=552.238-84&clauseType=O&sequenceNo=0

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* February 2021 VOLUME 10, CHAPTER 2: “DISCOUNT OFFERS …

(7 days ago) If the contractor has had the use of these progress payments, the payment office is entitled to take a prompt payment discount on them at the time they are recouped.

https://comptroller.defense.gov/Portals/45/documents/fmr/current/10/10_02.pdf

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Gsa Prompt Payment Discount Free Coupon Codes

(2 days ago) (2 days ago) A Prompt Payment Discount shown in the GSA FSS Contract ALWAYS apply to the TO, otherwise it has no meaning. The Prompt Payment Discount is in addition to and completely separate from any other discount offered at the TO level. In other words, it is mutually exclusive and applies.

https://www.find-coupon-codes.com/gsa-prompt-payment-discount/

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FAR Clause 552.238 84 Discounts for Prompt Payment.

(1 days ago) 552.238-84 / Basic. GSA 552.238-84 Discounts for Prompt Payment. Basic (May 2019) (Current) Prescription. As prescribed in 538.273 (d) (8), insert the provision at 552.238-84, Discounts for Prompt Payment. Use in all FSS solicitations and contracts. Full Text.

https://farclause.com/FARregulation/Clause/GSA552.238-84_Basic-discounts-for-prompt-payment

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552.232 25 Prompt Payment. Acquisition.GOV

(2 days ago) (8) Prompt payment discounts. An interest penalty also shall be paid automatically by the designated payment office, without request from the Contractor, if a discount for prompt payment

https://www.acquisition.gov/content/552.232-25-prompt-payment.

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U.S. General Services Administration SitOnIt

(8 days ago) Prompt Payment Terms: Net 10 -1% Discount, Net 30 Maximum Order Limitation: $250,000.00 (Two-Hundred Fifty Thousand dollars) Freight Program: Prepaid to destination

https://www.sitonit.net/tools_mainpage/contracts/gsa/gsausgeneralservices.html

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2% Prompt Payment Discounts: Worth enforcing? Cohen

(Just Now) The standard industry lease (GTAA, FRPO, LPMA, WRAMA, HDAA) incorporates, by default, a 2% “prompt payment discount”, as permitted by the RTA. The default rent cited in rental applications and the lease is the “discounted” rent.

https://cohenhighley.com/articles/rent-control-bulletins/2-prompt-payment-discounts-worth-enforcing/

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From the GSA Trenches: So You’re Having a Contractor

(4 days ago) Annual Assessments primarily focus on sales tracking systems, pricing on GSA orders, and prompt payment discounts (if applicable). It’s important to know that review of your commercial sales practices and discussion of the Most Favored Customer/Basis of Award is not part of the Annual Assessment. The IOA will prepare a limited scope

https://aronsonllc.com/gsa-trenches-youre-contractor-assessment/

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Multiple Award Schedule General Services Administration

(3 days ago) Payments using the governmentwide commercial purchase card are not eligible for any negotiated prompt payment discount.

https://interact.gsa.gov/blog/governmentwide-commercial-purchase-card-schedule-buys

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Authorized Federal Supply Schedule Price List GSA Advantage

(4 days ago) All dollar amounts are exclusive of any discount for prompt payment. Larger orders are accepted at the discretion of the Contractor. 3. Minimum Order (Requiring Acceptance by Contractor) The minimum dollar value of orders to be issued is $100.00. Smaller orders are accepted at the discretion of the Contractor.

https://www.gsaadvantage.gov/ref_text/GS35F0217J/0MTJF4.2TKODC_GS-35F-0217J_DEVISGS35F0217JPRICELISTCATALOGMOD2520140502.PDF

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Prompt Payment Treasury

(6 days ago) The Prompt Payment interest rate for January 1, 2021 - June 30, 2021 is 0.875 percent. To determine the amount of interest, use the Prompt Payment interest calculator. May an agency pay early? Discounts for early payments. A vendor may offer the agency a discount if the agency pays within a specified shorter time.

http://www.fiscal.treasury.gov/fsservices/gov/pmt/promptPayment/promptPayment_home.htm

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Discount For Prompt Payment Clause Examples Document

(Just Now) GSA Prompt Payment Discount Terms – GSA Schedule Provided by : gsaschedule.com FREE In order for the prompt payment discount to be waived, the pricelist cannot mention or state any desire for a prompt payment discount. Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract.

https://discount-cabin.com/discount-for-prompt-payment-clause-examples-document/

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Surviving the GSA Schedule Contractor Assessment: What

(1 days ago) MSRP BOA Discount BOA Price GSA Discount GSA Price Discount Relationship Basis of Award $500.00 10.0% $450.00 15.0% $425.00 5.0% Price Reduction $500.00 12.0% $440.00 15.0% $425.00 3.0% New GSA Discount $500.00 12.0% $440.00 17.0% $415.00 5.0% 28.

https://www.slideshare.net/AronsonLLC/surviving-the-gsa-schedule-contractor-assessment-what-theyll-test-and-how-to-comply

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552.232 8 DISCOUNTS FOR PROMPT PAYMENT (APR 1989

(6 days ago) 552.232-8 DISCOUNTS FOR PROMPT PAYMENT (APR 1989) (DEVIATION FAR 52.232-8) (a) Discounts for early payment (hereinafter referred to as "discounts" or "the discount") will be considered in evaluating the relationship of the offeror's concessions to the Government vis-a-vis the

https://sws.gsa.gov/sws-search/generateClauseBodyPdf.do?method=generateClauseBody&solNo=RkNPMDBDT1JQMDAwMEM=&refreshNo=30&clauseNo=552.232-8&clauseType=O&sequenceNo=0

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IMPLEMENTATION REVIEW OF CORRECTIVE ACTION PLAN …

(9 days ago) contractually obligated thus losing significant prompt payment discount savings. • GSA internal controls related to order processing and contractor assessments need to be strengthened to help ensure prompt payment discounts are not lost. Of the 63 Orders for Supplies and Services (GSA Forms we reviewed300) 4, 5

https://www.gsaig.gov/sites/default/files/audit-reports/A130063_1.pdf

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GSA's Williams counters IG charge of lost savings FCW

(1 days ago) A senior General Services Administration official disputed the GSA inspector general’s charge of an “extensive practice contracts generally can save money with prompt-payment discounts

https://fcw.com/articles/2010/03/17/gsa-williams-ig-prompt-payment-discounts.aspx

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GSA Contract Pricing GSA Schedule Contract Prices and

(7 days ago) Some contractors do not have a price list that they use on a daily basis, and this can create confusion in determining the GSA Schedule pricing that will be offered. Another common difficulty in showing commercial sales practices is a lack of standard discounting practices (volume/quantity discount, prompt payment, etc.)

https://www.gsascheduleservices.com/gsa-contract-pricing/

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Discount for prompt payment Coley Government Contract

(2 days ago) Discount for prompt payment means an invoice payment reduction offered by the contractor for payment prior to the due date. ColeyGSAFor over 20 years, Coley GCS has helped companies worldwide successfully win and manage more than $3 Billion in Government Contracts. We specialize in GSA Schedules but support any contracting vehicle. We build long term relationships with clients …

https://www.coleygsa.com/glossary/discount-for-prompt-payment/

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GENERAL SERVICES ADMINISTRATION

(9 days ago) Prompt-payment discounts (PPDs), when negotiated, allow purchasers the opportunity to realize additional savings and reduce their costs in exchange for early payments to vendors. Many Multiple Award Schedule (MAS) contracts awarded by the General Services Administration (GSA) contain negotiated PPDs.

https://www.gsaig.gov/sites/default/files/audit-reports/A090026_1.pdf

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Far Prompt Payment Discount Best Coupon Codes

(2 days ago) GSA Prompt Payment Discount Terms – GSA Schedule. CODES (2 days ago) In order for the prompt payment discount to be waived, the pricelist cannot mention or state any desire for a prompt payment discount. Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract.

https://www.mybestcouponcodes.com/far-prompt-payment-discount/

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General Services Administration (GSA) Contract How to Buy

(1 days ago) gsa@egan.com Payment Address: Egan Visual/West Inc. 300 Hanlan Road Woodbridge, Ontario L4L3P6 Contract Payment Terms: Net 30 Credit Card Terms: Same as contract. Government Commercial Credit Cards are accepted. No additional discounts on orders placed using the credit cards are offered. Prompt Payment Terms: 2% 10.

https://egan.com/gsa/

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Library should collect discounts for early payment on

(4 days ago) advantage of the early payment discount terms offered on the schedules. The rationale for not taking the discounts for early pay was that the Library did not pay prompt payment penalties when paying invoices thirty days or later from receipt, therefore it should refrain from taking discounts on invoices it pays early even though the GSA schedule

https://www.loc.gov/static/portals/about/office-of-the-inspector-general/annual-reports/documents/library-should-collect-discounts-for-early-payment-on-vendor-invoices-january-2020.pdf

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Prompt Payment Discount Terms Best Coupon Codes

(4 days ago) GSA Prompt Payment Discount Terms – GSA Schedule. CODES (2 days ago) Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract. GSA Schedule buyers can benefit from this discount by receiving a 1% discount on the invoice by paying within the first 10 days.

https://www.mybestcouponcodes.com/prompt-payment-discount-terms/

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FSC Group 70 Special Item Number (SIN) 132 51 Information

(9 days ago) 2. maximum order (all dollar amounts are exclusive of any discount for prompt payment.) 4 3. the minimum orders 4 4. geographic coverage (delivery area) 5 5. point(s) of production 5 same as company address 5 6. discount from list prices or statement of net price 5 7. quantity discounts 5 8. prompt payment terms 5 9a.

https://www.ebuy.gsa.gov/ref_text/GS35F107CA/0RDVIO.3HK3HH_GS-35F-107CA_RAPIERAUTHORIZEDPRICELIST03012017.PDF

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Discount For Prompt Payment Clause Government Code

(8 days ago) FREE GSA Prompt Payment Discount Terms – GSA Schedule. CODES (2 days ago) Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract. GSA Schedule buyers can benefit from this discount by receiving a 1% discount on the invoice by paying within the first 10 days.

https://discount-cabin.com/discount-for-prompt-payment-clause-government-code/

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FEDERAL SUPPLY SERVICE Telos

(7 days ago) 6. DISCOUNTS All prices listed are NET prices; basic discounts have been deducted. 7. QUANTITY DISCOUNTS Any available quantity discounts will be offered at time of quote to the ordering activity. 8. PROMPT PAYMENT DISCOUNTS None offered. 9. GOVERNMENT PURCHASE CARDS Government purchase cards are accepted at, below, or above the micro-purchase

https://www.telos.com/wp-content/uploads/pdf/Telos-GSA-Schedule-Authorized-Federal-Supply-Schedule-Price-List-GS-35F-162DA-through-P0-0035-w-Dell-deletes.pdf

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85% OFF far prompt payment discount Verified CouponsDoom.com

(1 days ago) GSA Prompt Payment Discount Terms – GSA Schedule. COUPON (12 days ago) In order for the prompt payment discount to be waived, the pricelist cannot mention or state any desire for a prompt payment discount. Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract.

https://couponsdoom.com/far-prompt-payment-discount

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General Services Administration TWC

(9 days ago) 7. Quantity Discounts: see above 8. Prompt Payment Terms The Washington Center will bill agencies on a monthly basis. Terms are net 30 days upon receipt of invoice for each intern or group of interns placed. A discount in the amount of one percent is available for prompt payment of 14 days on a net 30-day schedule. 9. Government Credit and

https://twc.edu/sites/default/files/twc-gsa-schedule-gs-02f-0078p.pdf

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Claim To Recover Monies Deducted on the Basis of Prompt

(5 days ago) A firm asked GAO to review prompt-payment discounts taken by the Government on 24 bills submitted for payment for freight transportation. The firm alleged that the Government improperly took a prompt-payment discount on these vouchers. These claims were filed directly with GAO, rather than with either the paying agencies involved or the General Services Administration (GSA).

https://www.gao.gov/products/118018

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Prompt Payment Coley Government Contract Services

(9 days ago) The Prompt Payment Final Rule (formerly OMB Circular A-125, “Prompt Payment”) requires Executive departments and agencies to pay commercial obligations within certain time periods and to pay interest penalties when payments are late. On June 17, 1998, the Office of Management and Budget (OMB) requested comment on proposed revisions to the Circular. The Circular was revised to reflect the

https://www.coleygsa.com/glossary/prompt-payment/

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AUTHORIZED INFORMATION TECHNOLOGY SCHEDULE PRICE …

(9 days ago) MAXIMUM ORDER (All dollar amounts are exclusive of any discount for prompt payment.)..7 1.12. ORDERING PROCEDURES FOR FEDERAL SUPPLY SCHEDULE CONTRACTS ..7 1.13. FEDERAL INFORMATION TECHNOLOGY/TELECOMMUNICATION STANDARDS GSA@STEELPOINT-LLC.COM : Payment Address: US Mail/Federal Express EFT/WIRE/ACH STEEL POINT ATTN: GSA

https://steelpoint-llc.com/site/wp-content/uploads/Steel-Point-GSA-IT-70-Price-List-1.pdf

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Vehicles EvoTech

(5 days ago) GSA Schedule 70. Contract Number: GS-35F-206GA; DUNS Number: 079647067; Prompt Payment Terms: Prompt Payment: NONE; Quantity: As noted in the price sections; Dollar Volume: Additional 1% discount will be offered to contracts over 2M dollars; Government Educational Institutions: Offered the same discounts as all other Government customers; Other

http://evotech.technology/vehicles/

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85% OFF prompt payment discount meaning Verified

(5 days ago) GSA Prompt Payment Discount Terms – GSA Schedule. COUPON (7 days ago) The prompt payment discount allows for a cost effective way for GSA contractors to work with their government customers. The benefits may not seem that lucrative, but when working with agencies that conduct million dollar deals, the perk for this discount become …

https://couponsdoom.com/prompt-payment-discount-meaning

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The Ultimate Guide to the GSA Schedule Winvale

(3 days ago) The General Services Administration (GSA) was created by President Harry Truman in 1949 to streamline the acquisition and administrative work of the federal government. GSA has grown tremendously since the late 1940s and is America's only source made solely to procure goods and services for the U.S. government.

https://info.winvale.com/the-ultimate-guide-to-the-gsa-schedule

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GSA Contracts Consolidated Trading Company of America

(1 days ago) GSA Contracts Consolidated Trading Co. of America (CTCOA) is a value-added reseller (VAR) for a wide variety of computer hardware, software, network, multimedia, and peripheral products. We have a network of vendor alliances, government contracting vehicles, and cost-effective procurement for both federal and commercial clients. We offer CTCOA-branded Solid State Drives, Single mode, Multimode

http://www.ctcoa.com/ctcoa/gsa-contracts/

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Print Book GSA Smartpay

(2 days ago) The GSA SmartPay purchase program is the preferred method of payment for federal employees to make official Government purchases for supplies, goods, and services under the micro-purchase threshold. The GSA SmartPay purchase accounts are both a procurement and payment mechanism for micro-purchases.

https://training.smartpay.gsa.gov/show/259

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FAQ?

What are the prompt payment terms for GSA??

Another consideration for the prompt payment terms is the 1% 10 Days, Net 30 clause under the GSA Schedule Contract. GSA Schedule buyers can benefit from this discount by receiving a 1% discount on the invoice by paying within the first 10 days.

Is there a discount on a GSA contract??

Egan has been a GSA contract holder for decades – we know how to work with you. Prices are Net. Discount already deducted. Same as contract. Government Commercial Credit Cards are accepted. No additional discounts on orders placed using the credit cards are offered. 2% 10. Not applicable on Credit Card payments.

What does 10 days, net 30 mean for GSA??

Contractors should keep in mind, the term “10 Days, Net 30” must be displayed on all invoices for this discount to be acknowledged and given from the agency. The prompt payment discount allows for a cost effective way for GSA contractors to work with their government customers.

Are there any discounts for the prompt payment??

52.232-8 Discounts for Prompt Payment. As prescribed in 32.111 (b) (1), insert the following clause: (a) Discounts for prompt payment will not be considered in the evaluation of offers. However, any offered discount will form a part of the award, and will be taken if payment is made within the discount period indicated in the offer by the offeror.

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