FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.2
FAR 32.201 Statutory authority.
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 cites the statutory authority that lets agencies pay for commercial products or commercial services on terms and conditions the agency head decides are appropriate or customary in the commercial marketplace and in the best interest of the United States. It matters to contractors because it confirms that commercial payment terms can be set by the agency rather than following standard government payment rules.
Applies to: Contracts for commercial products or commercial services
Key terms: commercial products · commercial services · commercial marketplace · best interest of the United States
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
10 U.S.C. 3805 and 41 U.S.C. 4505 provide that payment for commercial products or commercial services may be made under such terms and conditions as the head of the agency determines are appropriate or customary in the commercial marketplace and are in the best interest of the United States.
← 32.200 Scope of subpart. · 32.202 General. →
Rule changes for FAR Part 32
- Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds ↗ · final rule 2025-08-27 · effective 2025-10-01
- Federal Acquisition Regulation; Technical Amendments ↗ · final rule 2025-08-07 · effective 2025-08-07
- Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds ↗ · proposed 2024-11-29 · comments due 2025-01-28
Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.