[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: 48CFR32.113]



[Page 653-654]

 

            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. 32.113  Customary contract financing.



    The solicitation must specify the customary contract financing 

offerors may propose. The following are customary contract financing 

when provided in accordance with this part and agency regulations:

    (a) Financing of shipbuilding, or ship conversion, alteration, or 

repair, when agency regulations provide for progress payments based on a 

percentage or stage of completion.

    (b) Financing of construction or architect-engineer services 

purchased under the authority of part 36.

    (c) Financing of contracts for supplies or services awarded under 

the sealed bid method of procurement in accordance with part 14 through



[[Page 654]]



progress payments based on costs in accordance with subpart 32.5.

    (d) Financing of contracts for supplies or services awarded under 

the competitive negotiation method of procurement in accordance with 

part 15, through either progress payments based on costs in accordance 

with subpart 32.5, or performance-based payments in accordance with 

subpart 32.10 (but not both).

    (e) Financing of contracts for supplies or services awarded under a 

sole-source acquisition as defined in 2.101 and using the procedures of 

part 15, through either progress payments based on costs in accordance 

with subpart 32.5, or performance-based payments in accordance with 

subpart 32.10 (but not both).

    (f) Financing of contracts for supplies or services through advance 

payments in accordance with subpart 32.4.

    (g) Financing of contracts for supplies or services through 

guaranteed loans in accordance with subpart 32.3.

    (h) Financing of contracts for supplies or services through any 

appropriate combination of advance payments, guaranteed loans, and 

either performance-based payments or progress payments (but not both) in 

accordance with their respective subparts.



[65 FR 16279, Mar. 27, 2000, as amended at 66 FR 2132, Jan. 10, 2001]