FAR 32.000

This part prescribes policies and procedures for contract financing and other payment matters. This part addresses- (a) Payment methods, including partial payments and progress payments based on percentage or stage of completion; (b) Loan guarantees, advance payments, and progress payments based on costs; (c) Administration of debts to the Government arising out of contracts; (d) Contract funding, including the use of contract clauses limiting costs or funds; (e) Assignment of claims to aid in private financing; (f) Selected payment clauses; (g) Financing of purchases of commercial products and commercial services; (h) Performance-based payments; and (i) Electronic funds transfer payments.

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