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FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.5

FAR 32.500 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 sets out the policies, procedures, forms, solicitation provisions, and contract clauses for contract financing through progress payments based on costs. It also lists two situations the subpart does not cover: payments under cost-reimbursement contracts, and certain construction or shipbuilding contracts that use progress payments based on a percentage or stage of completion.

Applies to: Contract financing through progress payments based on costs

Key terms: progress payments based on costs · cost-reimbursement contracts · construction · shipbuilding · percentage or stage of completion

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

The text

This subpart prescribes policies, procedures, forms, solicitation provisions, and contract clauses for providing contract financing through progress payments based on costs. This subpart does not apply to—

(a) Payments under cost-reimbursement contracts, but see 32.110 for progress payments made to subcontractors under cost-reimbursement prime contracts; or

(b) Contracts for construction or for shipbuilding or ship conversion, alteration, or repair, when the contracts provide for progress payments based on a percentage or stage of completion.

Sections it refers to

  • 32.110 Payment of subcontractors under cost-reimbursement prime contracts.

← 32.412 Contract clause. · 32.501 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 32.500 Scope of subpart · SpendQuery