48 CFR 232.501-1 - 232.501-1 Customary progress payment rates.

Regulations last checked for updates: Nov 22, 2024

Title 48 - Federal Acquisition Regulations System last revised: Nov 15, 2024

View all text of Subpart 232.5 [232.501 - 232.503-15]

232.501-1 - 232.501-1 Customary progress payment rates.

(a) The customary progress payment rates for DoD contracts, including contracts that contain foreign military sales (FMS) requirements, are 80 percent for large business concerns and 90 percent for small business concerns.

[79 FR 61582, Oct. 14, 2014]

authority: 41 U.S.C. 1303 and 48 CFR chapter 1

source: 56 FR 36409, July 31, 1991, unless otherwise noted.

cite as: 48 CFR 232.501-1