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FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.2

FAR 32.207 Administration and payment of commercial financing payments.

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 the contracting officer responsibility for reviewing, approving, and managing contract financing requests and related security. It matters to contractors because it identifies who handles financing approvals and monitors the contractor's financial condition when that condition serves as the Government's security.

Applies to: Contracting officers administering contracts with commercial financing payments

Key terms: contract financing requests · contracting officer · payment office · security · contractor's financial condition

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

The text

(a) Responsibility. The contracting officer responsible for administration of the contract shall be responsible for review and approval of contract financing requests.

(b) Approval of financing requests. Unless otherwise provided in agency regulations, or by agreement with the appropriate payment official—

(1) The contracting officer shall be responsible for receiving, approving, and transmitting all contract financing requests to the appropriate payment office; and

(2) Each approval shall specify the amount to be paid, necessary contractual information, and the account(s) (see 32.206(d)) to be charged for the payment.

(c) Management of security. After contract award, the contracting officer responsible for approving requests for financing payments shall be responsible for determining that the security continues to be adequate. If the contractor's financial condition is the Government's security, this contracting officer is also responsible for monitoring the contractor's financial condition.

Sections it refers to

  • 32.206 Solicitation provisions and contract clauses.

← 32.206 Solicitation provisions and contract clauses. · 32.300 Scope of subpart. →

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 32.207 Administration and payment of commercial financing payments · SpendQuery