FAR and DFARS › DFARS Part 232: Contract Financing › Subpart 232.2
DFARS 232.202-4 Security for Government financing.
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 tells contracting officers how to judge whether an offeror's financial condition counts as adequate security when the Government provides contract financing. It matters because a contractor that is financially sound enough to receive an award may still not be considered adequate security for commercial contract financing.
Applies to: Contracting officers evaluating an offeror's financial condition as security for Government financing
Key terms: adequate security · financial condition · commercial contract financing · responsible for award purposes
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
(a)(2) When determining whether an offeror's financial condition is adequate security, see 232.072-2 and 232.072-3 for guidance. It should be noted that an offeror's financial condition may be sufficient to make the contractor responsible for award purposes, but may not be adequate security for commercial contract financing.
← 232.104 Providing contract financing. · 232.206 Solicitation provisions and contract clauses. →
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.