48 C.F.R. PART 632—CONTRACT FINANCING


Title 48 - Federal Acquisition Regulations System


Title 48: Federal Acquisition Regulations System

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PART 632—CONTRACT FINANCING

Section Contents
632.006   Reduction or suspension of contract payments upon finding of fraud.
632.006-1   General.
632.006-2   Definitions.
632.006-4   Procedures.

Subpart 632.1—Non-Commercial Item Purchase Financing

632.114   Unusual contract financing.

Subpart 632.2—Commercial Item Purchase Financing

632.201   Statutory authority.

Subpart 632.4—Advance Payments for Non-Commercial Items

632.402   General.
632.404   Exclusions.
632.407   Interest.

Subpart 632.7—Contract Funding

632.702   Policy.
632.702-70   DOS policy.
632.703   Contract funding requirements.
632.703-3   Contracts crossing fiscal years.
632.705   Contract clauses.
632.705-70   DOSAR contract clause.

Subpart 632.8—Assignment of Claims

632.803   Policies.

Subpart 632.9—Prompt Payment

632.906   Making payments.
632.908   Contract clauses.


Authority:  40 U.S.C. 486(c); 22 U.S.C. 2658.

Source:  53 FR 26173, July 11, 1988, unless otherwise noted.

632.006   Reduction or suspension of contract payments upon finding of fraud.
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632.006-1   General.
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The Procurement Executive is the agency head for the purpose of FAR 32.006–1.

[64 FR 43627, Aug. 11, 1999]

632.006-2   Definitions.
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Remedy coordination official means the Procurement Executive.

[64 FR 43627, Aug. 11, 1999, as amended at 69 FR 19336, Apr. 13, 2004]

632.006-4   Procedures.
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The Procurement Executive is the agency head for the purposes of FAR 32.006–4.

[64 FR 43627, Aug. 11, 1999]

Subpart 632.1—Non-Commercial Item Purchase Financing
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632.114   Unusual contract financing.
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The Procurement Executive is the agency head for the purpose of FAR 32.114.

[64 FR 43627, Aug. 11, 1999]

Subpart 632.2—Commercial Item Purchase Financing
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632.201   Statutory authority.
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The head of the contracting activity is the agency head for the purpose of FAR 32.201.

[64 FR 43627, Aug. 11, 1999]

Subpart 632.4—Advance Payments for Non-Commercial Items
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632.402   General.
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(b) Advance payments shall be authorized sparingly. Contracting officers should consider the use of partial payments, fast payments, or more frequent payments as alternatives to advance payments.

(c)(1)(iii) The authority to make the determination prescribed in FAR 32.402(c)(1)(iii) is delegated, without power of redelegation, to the head of the contracting activity (see 601.603–70). For acquisitions by overseas posts, the head of the contracting activity shall obtain the concurrence of the Procurement Executive before making a determination pursuant to this section.

[53 FR 26173, July 11, 1988, as amended at 59 FR 66764, Dec. 28, 1994]

632.404   Exclusions.
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(a) Total advance payments may be authorized for the items listed in FAR 32.404(a), notwithstanding their designation as a commercial item and acquisition under FAR part 12 procedures.

[64 FR 43627, Aug. 11, 1999]

632.407   Interest.
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(d) The Procurement Executive is the agency head's designee for the purposes of FAR 32.407(d).

[59 FR 66764, Dec. 28, 1994]

Subpart 632.7—Contract Funding
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Source:  64 FR 43628, Aug. 11, 1999, unless otherwise noted.

632.702   Policy.
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632.702-70   DOS policy.
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The Department's policy is to provide full funding for all contracts, to the maximum extent practicable. FAR 32.704 and 32.705–2 provide for incremental funding of cost-reimbursement contracts. Fixed-price, labor-hour, and time-and-materials contracts for severable services may also be incrementally funded if full funding is not available at the time of contract award and the contracting officer executes a determination and findings, approved by the requirements office, justifying the need for incremental funding due to the unavailability of funds.

632.703   Contract funding requirements.
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632.703-3   Contracts crossing fiscal years.
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(b) The head of the contracting activity is the agency head for the purpose of FAR 32.703–3(b).

632.705   Contract clauses.
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632.705-70   DOSAR contract clause.
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The contracting officer shall insert the clause at 652.232–72, Limitation of Funds, in incrementally funded fixed-price, labor-hour, and time-and-materials solicitations and contracts for severable services.

Subpart 632.8—Assignment of Claims
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632.803   Policies.
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(b) The assignment of claims shall be prohibited for all personal services contracts. The assignment of claims shall also be prohibited for all contracts awarded and performed overseas, unless approval is received from the Procurement Executive. The Directors, Regional Procurement Support Offices may approve the assignment of claims for contracts under their administration after obtaining legal consultation.

[59 FR 66764, Dec. 28, 1994, as amended at 64 FR 43628, Aug. 11, 1999]

Subpart 632.9—Prompt Payment
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632.906   Making payments.
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(a) General. The authority to make the determination prescribed in FAR 32.906(a) is delegated, without power of redelegation, to the head of the contracting activity. Before making this determination, the head of the contracting activity shall consult with the appropriate financial office.

[69 FR 19336, Apr. 13, 2004]

632.908   Contract clauses.
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(a) The contracting officer may insert a clause substantially the same as the clause at 652.232–70, Payment Schedule and Invoice Submission (Fixed-Price), in fixed-price type solicitations and contracts.

(b) The contracting officer may insert a clause substantially the same as the clause at 652.232–71, Voucher Submission (cost-Reimbursement), in cost-reimbursement type solicitations and contracts.

[59 FR 66764, Dec. 28, 1994]

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