48 C.F.R. PART 1332—CONTRACT FINANCING
Title 48 - Federal Acquisition Regulations System
Authority: Federal Property and Administrative Services Act of 1949, as amended (40 U.S.C. 486(c)), as delegated by the Secretary of Commerce in Department Organization Order 10–5 and Department Administrative Order 208–2.
Source: 49 FR 12963, Mar. 30, 1984, unless otherwise noted.
(e)(2) Progress payments based on a percentage or stage of completion are authorized for use as a payment method under Department contracts and subcontracts for construction, alteration, repair, ship construction, ship alteration, and ship repair. For all other contracts, progress payments shall be based on costs except when the head of the contracting office determines that progress payments based on costs cannot be practically employed. In those cases, progress payments based on a percentage or stage of completion may be authorized when the head of the contracting office also determines that adequate safeguards are provided for the administration of those payments.
Title 48: Federal Acquisition Regulations System
PART 1332—CONTRACT FINANCING
Section Contents
1332.102 Description of contract financing methods.
Subpart 1332.1—General
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1332.102 Description of contract financing methods.
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Subpart 1332.4 [Reserved]
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Subpart 1332.6 [Reserved]
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