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48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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39 sections with “billing price”

  • FAR 52.216-5 Price Redetermination—Prospective.
    …ting the redetermined prices that apply during the redetermination period. (g) Adjusting billing prices. Pending execution of the contract modification (see paragraph (f) above), the Contractor shall submit invoices or vouchers in accordan…
  • FAR 52.216-6 Price Redetermination—Retroactive.
    …on to this contract, signed by the Contractor and the Contracting Officer. (f) Adjusting billing prices. Pending execution of the contract modification (see paragraph (e) above), the Contractor shall submit invoices or vouchers in accordan…
  • FAR 52.216-16 Incentive Price Revision—Firm Target.
    …icitly permitted or required by this or any other clause in this contract. (f) Adjusting billing prices. (1) Pending execution of the contract modification (see paragraph (e) above), the Contractor shall submit invoices or vouchers in acco…
  • FAR 52.216-17 Incentive Price Revision—Successive Targets.
    …ly permitted or required by this or any other clause in this contract. (h) Adjustment of billing prices. (1) Pending execution of the contract modification (see paragraph (e) above), the Contractor shall submit invoices or vouchers in acco…
  • FAR 16.403 Fixed-price incentive contracts.
    …e incentives to have a meaningful impact on the contractor's management of the work. (c) Billing prices. In fixed-price incentive contracts, billing prices are established as an interim basis for payment. These billing prices may be adjust…
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …Contractor, the later of the following two events: (A) The 30th day after the designated billing office receives a proper invoice from the Contractor (except as provided in paragraph (a)(1)(iii) of this clause). (B) The 30th day after Gov…
  • FAR 13.303-3 Preparation of BPAs.
    … or upon expiration of this BPA, whichever occurs first, for all deliveries made during a billing period, identifying the delivery tickets covered therein, stating their total dollar value, and supported by receipt copies of the delivery ti…
  • FAR 32.904 Determining payment due dates.
    …llows: (1) The later of the following two events: (i) The 30th day after the designated billing office receives a proper invoice from the contractor (except as provided in paragraph (b)(3) of this section). (ii) The 30th day after Govern…
  • FAR 52.232-25 Prompt payment.
    …t office is the later of the following two events: (A) The 30th day after the designated billing office receives a proper invoice from the Contractor (except as provided in paragraph (a)(1)(ii) of this clause). (B) The 30th day after Gove…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    …n any project. (A) The due date for making such payments is 14 days after the designated billing office receives a proper payment request. If the designated billing office fails to annotate the payment request with the actual date of recei…
  • DFARS 252.242-7005 Contractor business systems.
    …nce-based payments, and direct the Contractor, in writing, to withhold 5 percent from its billings on interim cost vouchers on cost-reimbursement, labor-hour, and time-and-materials contracts until the Contracting Officer has determined tha…
  • FAR 32.503-11 Adjustments for price reduction.
    …e the unliquidated progress payments amount for overdeductions made from the contractor's billings for items delivered. (b) The contracting officer shall also increase the unliquidated progress payments amount if the contractor makes an in…
  • FAR 32.905 Payment documentation and process.
    …the contract. (3) If the invoice does not comply with these requirements, the designated billing office must return it within 7 days after receipt (3 days on contracts for meat, meat food products, or fish; 5 days on contracts for perishab…
  • FAR 42.302 Contract administration functions.
    …w or not Recognize Costs (see subpart 42.8). (9) Establish final indirect cost rates and billing rates for those contractors meeting the criteria for contracting officer determination in subpart 42.7. (10) Attempt to resolve issues in con…
  • FAR 15.403-2 Other circumstances where certified cost or pricing data are not required.
    …or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments.
  • FAR 16.206-2 Application.
    …der stated circumstances. (b) The contract should be awarded only after negotiation of a billing price that is as fair and reasonable as the circumstances permit. (c) Since this contract type provides the contractor no cost control incent…
  • FAR 32.906 Making payments.
    …incurring a late payment interest penalty. (4) When it is determined that the designated billing office erroneously rejected a proper invoice and upon resubmission of the invoice, will enter in the payment system the original date the invo…
  • DFARS 252.242-7004 Material Management and Accounting System.
    …er charging. (iii) The system should transfer parts and associated costs within the same billing period. In the few instances where this may not be appropriate, the Contractor may accomplish the material transaction using a loan/pay-back t…
  • FAR 32.001 Definitions.
    …payments. Delivery payments are invoice payments for prompt payment purposes. Designated billing office means the office or person (governmental or nongovernmental) designated in the contract where the contractor first submits invoices and…
  • FAR 32.601 General.
    …of the contract. (b) Contract debts include, but are not limited to, the following: (1) Billing and price reductions resulting from contract terms for price redetermination or for determination of prices under incentive type contracts. (…
  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    …rally issue a contract modification requiring the Contractor to withhold amounts from its billings until a reserve is set aside in an amount that the Contracting Officer considers necessary to protect the Government's interests. The Contrac…
  • FAR 52.242-3 Penalties for Unallowable Costs.
    …the expiration of its fiscal year which— (i) Relates to any payment made on the basis of billing rates; or (ii) Will be used in negotiating the final contract price; or (2) The final statement of costs incurred and estimated to be incurr…
  • DFARS 232.206 Solicitation provisions and contract clauses.
    …or entitlement date specified in the contract, or 30 days after receipt by the designated billing office of a proper request for payment, whichever is later. (ii) Commercial interim payments: The contractor entitlement date specified in th…
  • DFARS 252.251-7000 Ordering from Government supply sources.
    …shall govern. (3) The completed address(es) to which the Contractor's mail, freight, and billing documents are to be directed. (b) When placing orders under nonmandatory schedule contracts and requirements contracts, issued by the General…
  • FAR 8.406-1 Order placement.
    …addition to any information required by the schedule contract: (1) Complete shipping and billing addresses. (2) Contract number and date. (3) Agency order number. (4) F.o.b. delivery point; i.e., origin or destination. (5) Discount ter…
  • FAR 13.303-2 Establishment of BPAs.
    …uring maximum discounts; (2) Documenting individual purchase transactions; (3) Periodic billings; and (4) Incorporating other necessary details.
  • FAR 15.407-1 Defective certified cost or pricing data.
    …cing, the date payment was made to the prime contractor, based on prime contract progress billings or deliveries, which included payments for a completed and accepted subcontract item); and (C) Apply the underpayment interest rate(s) in ef…
  • FAR 30.605 Processing noncompliances.
    …he Government, in the aggregate; and (4) The net effect of any interim and final voucher billing adjustments made to correct a cost accumulation noncompliance will not result in the recovery of more than the increased cost paid by the Gove…
  • FAR 32.503-6 Suspension or reduction of payments.
    …propriate reduction in progress payments outstanding. (2) Apply additional deductions to billings for deliveries (increase liquidation). (e) Delinquency in payment of costs of performance. (1) If the contractor is delinquent in paying the…
  • FAR 32.503-10 Establishing alternate liquidation rates.
    …igh enough to result in Government recoupment of the applicable progress payments on each billing; and (2) Supported by documentation included in the administration office contract file. (b) The minimum liquidation rate is the expected pr…
  • FAR 42.703-1 Policy.
    …rtment or agency of the Federal Government (10 U.S.C. 3841(e)and 41 U.S.C. 4706(e)). (b) Billing rates and final indirect cost rates shall be used in reimbursing indirect costs under cost-reimbursement contracts and in determining progress…
  • FAR 52.213-1 Fast Payment Procedure.
    …e invoice, the Contractor shall retain related paid freight bills or other transportation billings paid separately for a period of 3 years and shall furnish the bills to the Government upon request. (3) If this contract, order, or blanket …
  • FAR 52.232-16 Progress Payments.
    … as prescribed by agency head; if not prescribed, insert “30th”] day after the designated billing office receives a proper progress payment request. In the event that the Government requires an audit or other review of a specific progress p…
  • DFARS 204.7109 Contract clauses.
    … the price of another contract line or subline item. (b) Use the clause at 252.204-7006, Billing Instructions—Cost Vouchers, in solicitations and contracts when a cost-reimbursement contract, a time-and-materials contract, or a labor-hour …
  • DFARS 232.072-3 Cash flow forecasts.
    …of projected manufacturing and production schedules; (6) Estimated amounts and timing of billings to customers (including progress payments), and customer payments; (7) Estimated amounts and timing of cash receipts from lenders or other c…
  • DFARS 252.232-7003 Electronic Submission of Payment Requests and Receiving Reports.
    …icing system (e.g., PowerTrack, Transportation Financial Management System, and Cargo and Billing System); (3) DoD makes payment on a contract or task or delivery order for rendered health care services using the TRICARE Encounter Data Sys…
  • DFARS 252.232-7007 Limitation of Government's obligation.
    …n equitable adjustment will be made in the price or prices (including appropriate target, billing, and ceiling prices where applicable) of the item(s), or in the time of delivery, or both. Failure to agree to any such equitable adjustment h…
  • DFARS 252.232-7011 Payments in Support of Emergencies and Contingency Operations.
    … Contractor's invoice. The Contractor shall prepare and submit invoices to the designated billing office specified in the contract. A proper invoice should include the items listed in paragraphs (c)(2)(i) through (c)(2)(x) of this clause. …
  • DFARS 252.232-7018 Progress Payments—Multiple Lots.
    …de, versus contract-wide, basis. (b) When submitting progress payment requests under the billing instructions in Federal Acquisition Regulation (FAR) clause 52.232-16, Progress Payments, or Defense Federal Acquisition Regulation Supplement…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.