48 C.F.R. § 1432.102

Current through November 30, 2024

Section 1432.102 - Description of contract financing methods

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.

48 C.F.R. § 1432.102