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Federal Acquisition Regulation

Contract Financing

FAR 32

Scope of part (FAR 32.000) Scope of part. Definitions (FAR 32.001) Definitions. Applicability of subparts (FAR 32.002) Applicability of subparts. Simplified acquisition procedures financing (FAR 32.003) Simplified acquisition procedures financing. Contract performance in foreign countries (FAR 32.004) Contract performance in foreign countries. Consideration for contract financing (FAR 32.005) Consideration for contract financing. Reduction or suspension of contract payments upon finding of fraud (FAR 32.006) Reduction or suspension of contract payments upon finding of fraud. 32.006-1 General. 32.006-2 Definition. 32.006-3 Responsibilities. 32.006-4 Procedures. 32.006-5 Reporting. Contract financing payments (FAR 32.007) Contract financing payments. Notification of overpayment (FAR 32.008) Notification of overpayment. Providing accelerated payments to small business contractors and to prime contractors that subcontract with a small business concern (FAR 32.009) Providing accelerated payments to small business contractors and to prime contractors that subcontract with a small business concern. 32.009-1 General. 32.009-2 Contract clause. Subpart Financing for Other Than a Commercial Purchase (FAR 32.1) - Financing for Other Than a Commercial Purchase Scope of subpart (FAR 32.100) Scope of subpart. Authority (FAR 32.101) Authority. Description of contract financing methods (FAR 32.102) Description of contract financing methods. Progress payments under construction contracts (FAR 32.103) Progress payments under construction contracts. Providing contract financing (FAR 32.104) Providing contract financing. Uses of contract financing (FAR 32.105) Uses of contract financing. Order of preference (FAR 32.106) Order of preference. Need for contract financing not a deterrent (FAR 32.107) Need for contract financing not a deterrent. Financial consultation (FAR 32.108) Financial consultation. Termination financing (FAR 32.109) Termination financing. Payment of subcontractors under cost-reimbursement prime contracts (FAR 32.110) Payment of subcontractors under cost-reimbursement prime contracts. Contract clauses for non-commercial purchases (FAR 32.111) Contract clauses for non-commercial purchases. Nonpayment of subcontractors under contracts other than for commercial products and commercial services (FAR 32.112) Nonpayment of subcontractors under contracts other than for commercial products and commercial services. 32.112-1 Subcontractor assertions of nonpayment. 32.112-2 Subcontractor requests for information. Customary contract financing (FAR 32.113) Customary contract financing. Unusual contract financing (FAR 32.114) Unusual contract financing. Subpart Commercial Product and Commercial Service Purchase Financing (FAR 32.2) - Commercial Product and Commercial Service Purchase Financing Scope of subpart (FAR 32.200) Scope of subpart. Statutory authority (FAR 32.201) Statutory authority. General (FAR 32.202) General. 32.202-1 Policy. 32.202-2 Types of payments for commercial product and commercial service purchases. 32.202-3 Conducting market research about financing terms. 32.202-4 Security for Government financing. Determining contract financing terms (FAR 32.203) Determining contract financing terms. Procedures for contracting officer-specified commercial contract financing (FAR 32.204) Procedures for contracting officer-specified commercial contract financing. Procedures for offeror-proposed commercial contract financing (FAR 32.205) Procedures for offeror-proposed commercial contract financing. Solicitation provisions and contract clauses (FAR 32.206) Solicitation provisions and contract clauses. Administration and payment of commercial financing payments (FAR 32.207) Administration and payment of commercial financing payments. Subpart Loan Guarantees for Defense Production (FAR 32.3) - Loan Guarantees for Defense Production Scope of subpart (FAR 32.300) Scope of subpart. Definitions (FAR 32.301) Definitions. Authority (FAR 32.302) Authority. General (FAR 32.303) General. Procedures (FAR 32.304) Procedures. 32.304-1 Application for guarantee. 32.304-2 Certificate of eligibility. 32.304-3 Asset formula. 32.304-4 Guarantee amount and maturity. 32.304-5 Assignment of claims under contracts. 32.304-6 Other collateral security. 32.304-7 Contract surety bonds and loan guarantees. 32.304-8 Other borrowing. Loan guarantees for terminated contracts (FAR 32.305) Loan guarantees for terminated contracts. Loan guarantees for subcontracts (FAR 32.306) Loan guarantees for subcontracts. Subpart Advance Payments for Other Than Commercial Acquisitions (FAR 32.4) - Advance Payments for Other Than Commercial Acquisitions Scope of subpart (FAR 32.400) Scope of subpart. Statutory authority (FAR 32.401) Statutory authority. General (FAR 32.402) General. Applicability (FAR 32.403) Applicability. Exclusions (FAR 32.404) Exclusions. Applying Pub.L.85-804 to advance payments under sealed bid contracts (FAR 32.405) Applying Pub.L.85-804 to advance payments under sealed bid contracts. Letters of credit (FAR 32.406) Letters of credit. Interest (FAR 32.407) Interest. Application for advance payments (FAR 32.408) Application for advance payments. Contracting officer action (FAR 32.409) Contracting officer action. 32.409-1 Recommendation for approval. 32.409-2 Recommendation for disapproval. 32.409-3 Security, supervision, and covenants. Findings, determination, and authorization (FAR 32.410) Findings, determination, and authorization. Agreement for special account at a financial institution (FAR 32.411) Agreement for special account at a financial institution. Contract clause (FAR 32.412) Contract clause. Subpart Progress Payments Based on Costs (FAR 32.5) - Progress Payments Based on Costs Scope of subpart (FAR 32.500) Scope of subpart. General (FAR 32.501) General. 32.501-1 Customary progress payment rates. 32.501-2 Unusual progress payments. 32.501-3 Contract price. 32.501-4 [Reserved] 32.501-5 Other protective terms. Preaward matters (FAR 32.502) Preaward matters. 32.502-1 Use of customary progress payments. 32.502-2 Contract finance office clearance. 32.502-3 Solicitation provisions. 32.502-4 Contract clauses. Postaward matters (FAR 32.503) Postaward matters. 32.503-1 [Reserved] 32.503-2 Supervision of progress payments. 32.503-3 Initiation of progress payments and review of accounting system. 32.503-4 Approval of progress payment requests. 32.503-5 Administration of progress payments. 32.503-6 Suspension or reduction of payments. 32.503-7 [Reserved] 32.503-8 Liquidation rates-ordinary method. 32.503-9 Liquidation rates-alternate method. 32.503-10 Establishing alternate liquidation rates. 32.503-11 Adjustments for price reduction. 32.503-12 Maximum unliquidated amount. 32.503-13 [Reserved] 32.503-14 Protection of Government title. 32.503-15 Application of Government title terms. 32.503-16 Risk of loss. Subcontracts under prime contracts providing progress payments (FAR 32.504) Subcontracts under prime contracts providing progress payments. Subpart Contract Debts (FAR 32.6) - Contract Debts Scope of subpart (FAR 32.600) Scope of subpart. General (FAR 32.601) General. Responsibilities (FAR 32.602) Responsibilities. Debt determination (FAR 32.603) Debt determination. Demand for payment (FAR 32.604) Demand for payment. Final decisions (FAR 32.605) Final decisions. Debt collection (FAR 32.606) Debt collection. Installment payments and deferment of collection (FAR 32.607) Installment payments and deferment of collection. 32.607-1 Installment payments. 32.607-2 Deferment of collection. Interest (FAR 32.608) Interest. 32.608-1 Interest charges. 32.608-2 Interest credits. Delays in receipt of notices or demands (FAR 32.609) Delays in receipt of notices or demands. Compromising debts (FAR 32.610) Compromising debts. Contract clause (FAR 32.611) Contract clause. Subpart Contract Funding (FAR 32.7) - Contract Funding Scope of subpart (FAR 32.700) Scope of subpart. [Reserved] (FAR 32.701) [Reserved] Policy (FAR 32.702) Policy. Contract funding requirements (FAR 32.703) Contract funding requirements. 32.703-1 General. 32.703-2 Contracts conditioned upon availability of funds. 32.703-3 Contracts crossing fiscal years. Limitation of cost or funds (FAR 32.704) Limitation of cost or funds. Unenforceability of Unauthorized Obligations (FAR 32.705) Unenforceability of Unauthorized Obligations. Contract clauses (FAR 32.706) Contract clauses. 32.706-1 Clauses for contracting in advance of funds. 32.706-2 Clauses for limitation of cost or funds. 32.706-3 Clause for unenforceability of unauthorized obligations. Subpart Assignment of Claims (FAR 32.8) - Assignment of Claims Scope of subpart (FAR 32.800) Scope of subpart. Definitions (FAR 32.801) Definitions. Conditions (FAR 32.802) Conditions. Policies (FAR 32.803) Policies. Extent of assignee’s protection (FAR 32.804) Extent of assignee’s protection. Procedure (FAR 32.805) Procedure. Contract clauses (FAR 32.806) Contract clauses. Subpart Prompt Payment (FAR 32.9) - Prompt Payment Scope of subpart (FAR 32.900) Scope of subpart. Applicability (FAR 32.901) Applicability. Definitions (FAR 32.902) Definitions. Responsibilities (FAR 32.903) Responsibilities. Determining payment due dates (FAR 32.904) Determining payment due dates. Payment documentation and process (FAR 32.905) Payment documentation and process. Making payments (FAR 32.906) Making payments. Interest penalties (FAR 32.907) Interest penalties. Contract clauses (FAR 32.908) Contract clauses. Contractor inquiries (FAR 32.909) Contractor inquiries. Subpart Performance-Based Payments (FAR 32.10) - Performance-Based Payments Scope of subpart (FAR 32.1000) Scope of subpart. Policy (FAR 32.1001) Policy. Bases for performance-based payments (FAR 32.1002) Bases for performance-based payments. Criteria for use (FAR 32.1003) Criteria for use. Procedures (FAR 32.1004) Procedures. Solicitation provision and contract clause (FAR 32.1005) Solicitation provision and contract clause. [Reserved] (FAR 32.1006) [Reserved] Administration and payment of performance-based payments (FAR 32.1007) Administration and payment of performance-based payments. Suspension or reduction of performance-based payments (FAR 32.1008) Suspension or reduction of performance-based payments. Title (FAR 32.1009) Title. Risk of loss (FAR 32.1010) Risk of loss. Subpart Electronic Funds Transfer (FAR 32.11) - Electronic Funds Transfer Scope of subpart (FAR 32.1100) Scope of subpart. Statutory requirements (FAR 32.1101) Statutory requirements. Definitions (FAR 32.1102) Definitions. Applicability (FAR 32.1103) Applicability. Protection of EFT information (FAR 32.1104) Protection of EFT information. Assignment of claims (FAR 32.1105) Assignment of claims. EFT mechanisms (FAR 32.1106) EFT mechanisms. Payment information (FAR 32.1107) Payment information. Payment by Governmentwide commercial purchase card (FAR 32.1108) Payment by Governmentwide commercial purchase card. EFT information submitted by offerors (FAR 32.1109) EFT information submitted by offerors. Solicitation provision and contract clauses (FAR 32.1110) Solicitation provision and contract clauses.

In this section

Financing for Other Than a Commercial PurchaseFAR 32.1Performance-Based PaymentsFAR 32.10Electronic Funds TransferFAR 32.11Commercial Product and Commercial Service Purchase FinancingFAR 32.2Loan Guarantees for Defense ProductionFAR 32.3Advance Payments for Other Than Commercial AcquisitionsFAR 32.4Progress Payments Based on CostsFAR 32.5Contract DebtsFAR 32.6Contract FundingFAR 32.7Assignment of ClaimsFAR 32.8Prompt PaymentFAR 32.9

Record identifier

32