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FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.4

FAR 32.401 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 states the legal authorities under which an agency may authorize advance payments on negotiated and sealed bid contracts. It matters to contractors because it identifies the statutory bases an agency must rely on before making such payments.

Applies to: Agencies authorizing advance payments on negotiated and sealed bid contracts

Key terms: advance payments · negotiated contracts · sealed bid contracts · statutory authority

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

The text

The agency may authorize advance payments in negotiated and sealed bid contracts if the action is appropriate under

(a) 41 U.S.C. chapter 45;

(b) 10 U.S.C. chapter 277; or

(c) Pub. L. 85-804 (50 U.S.C. 1431-1435) and Executive Order 10789, November 14, 1958 (3 CFR 1958 Supp. pp. 72-74) (see Subpart 50.1 for other applications of this statute).

Sections that refer to it

← 32.400 Scope of subpart. · 32.402 General. →

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 32.401 Statutory authority · SpendQuery