Section 32.000 - Scope of partThis part prescribes policies and procedures for contract financing and other payment matters. This part addresses-
(a) Payment methods, including partial payments and progress payments based on percentage or stage of completion;(b) Loan guarantees, advance payments, and progress payments based on costs;(c) Administration of debts to the Government arising out of contracts;(d) Contract funding, including the use of contract clauses limiting costs or funds;(e) Assignment of claims to aid in private financing;(f) Selected payment clauses;(g) Financing of purchases of commercial products and commercial services;(h) Performance-based payments; and(i) Electronic funds transfer payments.48 FR 42328, Sept. 19, 1983, as amended at 60 FR 49710, Sept. 26, 1995; 61 FR 45772, Aug. 29, 1996; 67 FR 13054, Mar. 20, 2002; 86 FR 61029, Nov. 4, 2021