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FAR and DFARS › FAR Part 32: Contract Financing

FAR 32.000 Scope of part.

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 explains that FAR Part 32 sets out the policies and procedures for contract financing and other payment matters. It matters to contractors because it covers the range of payment and financing topics that can affect how and when they get paid under Government contracts.

Applies to: Contract financing and other payment matters under Government contracts

Key terms: contract financing · partial payments · progress payments · loan guarantees · advance payments

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

This 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.

Sections that refer to it

  • 32.002 Applicability of subparts.

32.001 Definitions. →

Rule changes for FAR Part 32

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 32.000 Scope of part · SpendQuery