1. LawStack
  2. Title 48 - Federal Acquisition Regulations System
  3. Chapter 14 - DEPARTMENT OF THE INTERIOR
  4. Subchapter E - GENERAL CONTRACTING REQUIREMENTS
  5. Part 1432 - CONTRACT FINANCING
  6. Subpart 1432.5 - Progress Payments Based on Costs
  7. 48 CFR § 1432.501-2
48 CFR § 1432.501-2
Unusual progress payments
November 17, 2020
CFR

The CO shall obtain the advance approval of the HCA, or designee, before providing a progress payment rate higher than the customary rates as defined in FAR 32.501-1. Advance approval to provide progress payment rates higher than the customary rates shall not be delegated lower than the CCO.

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§ 1432.501 General
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§ 1432.502-2 Contract finance office clearance

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