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FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.1

FAR 32.108 Financial consultation.

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 says contracting offices should have access to contract financing personnel who can evaluate credit and financial issues. When questions arise about whether an offeror or contractor can financially perform a contract, or what type of contract financing is appropriate, the contracting officer should consult the appropriate contract financing office.

Applies to: Contracting offices and contracting officers

What it requires

  • Have available and use the services of contract financing personnel competent to evaluate credit and financial problems
  • Consult the appropriate contract financing office when resolving questions about financial capability or appropriate contract financing

Key terms: contract financing personnel · financial capability · contract financing office · offeror · contractor

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

The text

Each contracting office should have available and use the services of contract financing personnel competent to evaluate credit and financial problems. In resolving any questions concerning (a) the financial capability of an offeror or contractor to perform a contract or (b) what form of contract financing is appropriate in a given case, the contracting officer should consult the appropriate contract financing office.

← 32.107 Need for contract financing not a deterrent. · 32.109 Termination financing. →

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 32.108 Financial consultation · SpendQuery