[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR32.106]

[Page 633-634]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
              (This book contains chapter 1, parts 1 to 51)

                CHAPTER 1--FEDERAL ACQUISITION REGULATION
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PART 32_CONTRACT FINANCING--Table of Contents
 
           Subpart 32.1_Non-Commercial Item Purchase Financing
 
Sec. 32.106  Order of preference.

    The contracting officer must consider the following order of 
preference when a contractor requests contract financing, unless an 
exception would be in the Government's best interest in a specific case:
    (a) Private financing without Government guarantee. It is not 
intended, however, that the contracting officer

[[Page 634]]

require the contractor to obtain private financing--
    (1) At unreasonable terms; or
    (2) From other agencies.
    (b) Customary contract financing other than loan guarantees and 
certain advance payments (see 32.113).
    (c) Loan guarantees.
    (d) Unusual contract financing (see 32.114).
    (e) Advance payments (see exceptions in 32.402(b)).

[48 FR 42328, Sept. 19, 1983, as amended at 60 FR 49711, Sept. 26, 1995; 
65 FR 16279, Mar. 27, 2000]