48 CFR 1432.102
1432.102 Description of contract financing methods.
United States · 48 CFR — Federal Acquisition Regulations System · Status: effective
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- Citation
- 48 CFR 1432.102, 1432.102 Description of contract financing methods, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/250132
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.