Regulations last checked for updates: Oct 18, 2024

Title 48 - Federal Acquisition Regulations System last revised: Oct 10, 2024
1432.102 - 1432.102 Description of contract financing methods.

Use of progress payments based on a percentage or stage of completion are authorized for construction contracts. Progress payments for other than construction, alteration, and repair contracts require the CO to write a determination that:

(a) Payments based on costs would be impracticable; and

(b) Adequate measures exist for determining quality standards and the percentage of work accomplished.

authority: Sec. 205(c), 63 Stat. 390, 40 U.S.C. 486(c); and 5 U.S.C. 301.
source: 75 FR 19829, Apr. 15, 2010, unless otherwise noted.
cite as: 48 CFR 1432.102