48 C.F.R. § 32.500

Current through September 30, 2024
Section 32.500 - Scope of subpart

This subpart prescribes policies, procedures, forms, solicitation provisions, and contract clauses for providing contract financing through progress payments based on costs. This subpart does not apply to-

(a) Payments under cost-reimbursement contracts, but see 32.110 for progress payments made to subcontractors under cost-reimbursement prime contracts; or
(b) Contracts for construction or for shipbuilding or ship conversion, alteration, or repair, when the contracts provide for progress payments based on a percentage or stage of completion.

48 C.F.R. §32.500

48 FR 42328, Sept. 19, 1983, as amended at 65 FR 16279, Mar. 27, 2000