FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.4
FAR 32.400 Scope of subpart.
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 the subpart covers policies and procedures for advance payments on prime contracts and subcontracts. It excludes certain transaction types listed in 32.404 and does not apply to commercial advance payments, which are handled under subpart 32.2.
Applies to: Advance payments on prime contracts and subcontracts
Key terms: advance payments · prime contracts · subcontracts · commercial advance payments
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
This subpart provides policies and procedures for advance payments on prime contracts and subcontracts. It does not include policies and procedures for advance payments for the types of transactions listed in 32.404. This subpart does not apply to commercial advance payments, which are subject to subpart 32.2.
Sections it refers to
- 32.404 Exclusions.
← 32.306 Loan guarantees for subcontracts. · 32.401 Statutory authority. →
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.