FAR and DFARS › DFARS Part 232: Contract Financing
DFARS 232.070 Responsibilities.
The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.
In plain English
This section assigns responsibility for DoD contract financing policy. The Principal Director, DPCAP, ensures uniform administration of DoD contract financing, and agency discretion under FAR part 32 is kept at the DoD level rather than delegated to departments and agencies. Departments and agencies handle day-to-day contract financing operations but must refer financing policy or important procedural issues to OUSD(A&S)DPCAP.
Applies to: DoD departments and agencies involved in contract financing
What it requires
- Submit proposals to exercise agency discretion to OUSD(A&S)DPCAP.
- Refer specific cases involving financing policy or important procedural issues to OUSD(A&S)DPCAP for consideration through the department/agency Contract Finance Committee members.
Key terms: contract financing · agency discretion · FAR part 32 · OUSD(A&S)DPCAP · Contract Finance Committee
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
(a) The Principal Director, Defense Pricing, Contracting, and Acquisition Policy (DPCAP), Office of the Under Secretary of Defense (Acquisition and Sustainment) (OUSD(A&S)DPCAP) is responsible for ensuring uniform administration of DoD contract financing, including DoD contract financing policies and important related procedures. Agency discretion under FAR part 32 is at the DoD level and is not delegated to the departments and agencies. Proposals by the departments and agencies, to exercise agency discretion, shall be submitted to OUSD(A&S)DPCAP.
(b) Departments and agencies are responsible for their day-to-day contract financing operations. Refer specific cases involving financing policy or important procedural issues to OUSD(A&S)DPCAP for consideration through the department/agency Contract Finance Committee members (also see subpart 201.4 for deviation request and approval procedures).
(c) See PGI 232.070(c) for information on department/agency contract financing offices.
Sections that refer to it
- 232.610 Compromising debts.
← 232.009-1 General. · 232.071 [Reserved] →
Rule changes for DFARS Part 232
- Defense Federal Acquisition Regulation Supplement; Technical Amendments ↗ · final rule 2024-07-29 · effective 2024-07-29
Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.