[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR32.106]



[Page 651]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

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 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]