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48 CFR 1432.501-2

1432.501-2 Unusual progress payments.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

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48 CFR 1432.501-2, 1432.501-2 Unusual progress payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/250141
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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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.