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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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24 sections with “commercial advance payments”

  • FAR 32.202-2 Types of payments for commercial product and commercial service purchases.
    These definitions incorporate the requirements of the statutory commercial financing authority and the implementation of the Prompt Payment Act. Commercial advance payment, as used in this section, means a payment made before any performan…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …s prescribed in 12.301(b)(3), insert the following clause: Contract Terms and Conditions—Commercial Products and Commercial Services (NOV 2023) (a) Inspection/Acceptance. The Contractor shall only tender for acceptance those items that co…
  • FAR 52.232-16 Progress Payments.
    …ntractor becomes bankrupt or insolvent. (5) If the financing payments are in the form of commercial product or commercial service financing payments, the terms of the subcontract or interdivisional order concerning payments— (i) Are const…
  • FAR 32.202-1 Policy.
    …r to provide all resources needed for performance of the contract. Thus, for purchases of commercial products or commercial services, financing of the contract is normally the contractor's responsibility. However, in some markets the provis…
  • DFARS 232.206 Solicitation provisions and contract clauses.
    (f) Prompt payment for commercial purchase payments. The contracting officer shall incorporate the following standard prompt payment terms for commercial product and commercial service contract financing: (i) Commercial advance payments: T…
  • FAR 32.001 Definitions.
    As used in this part— Commercial interim payment means any payment that is not a commercial advance payment or a delivery payment. These payments are contract financing payments for prompt payment purposes (i.e., not subject to the interes…
  • FAR 32.002 Applicability of subparts.
    …t 32.9, Prompt Payment. (7) Subpart 32.11, Electronic Funds Transfer. (b) Subpart 32.2, Commercial Product and Commercial Service Purchase Financing, is applicable only to purchases of commercial products and commercial services under aut…
  • FAR 32.206 Solicitation provisions and contract clauses.
    …the paragraph entitled “Payment” of the clause at 52.212-4, Contract Terms and Conditions—Commercial Products and Commercial Services. If the contract will provide for contract financing, the contracting officer shall construct a solicitati…
  • FAR 49.002 Applicability.
    …efault of the contractor (see also 12.403 and 13.302-4). (2) This part does not apply to commercial product and commercial service contracts awarded using part 12 procedures. See 12.403 for termination policies for contracts for the acquis…
  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    …t costs. (2) If the Contractor furnishes its own materials that meet the definition of a commercial product or commercial service in Federal Acquisition Regulation (FAR) 2.101, the price to be paid for such materials shall not exceed the C…
  • FAR 52.232-31 Invitation To Propose Financing Terms.
    …ncing terms of the successful offeror and the clause, Terms for Financing of Purchases of Commercial Products and Commercial Services, at Federal Acquisition Regulation (FAR) 52.232-29, shall be incorporated in any resulting contract. (b) …
  • FAR 13.302-5 Clauses.
    … may use the clause at 52.213-4, Terms and Conditions—Simplified Acquisitions (Other Than Commercial Products and Commercial Services), in simplified acquisitions exceeding the micro-purchase threshold that are for other than commercial pro…
  • FAR 32.202-3 Conducting market research about financing terms.
    …financing normally provided; (c) The amount or percentages of any payments equivalent to commercial advance payments (see 32.202-2); (d) The basis for any payments equivalent to commercial interim payments (see 32.001), as well as the fre…
  • FAR 32.601 General.
    …, or 52.232-32(d)(2), Performance—Based Payments, or any contract clause for financing of commercial products or commercial services. (4) Increases to financing payment liquidation rates. (5) Overpayments disclosed by quarterly statements…
  • FAR 31.603 Requirements.
    … items and memorabilia, including models, gifts, and souvenirs. (10) Costs for travel by commercial aircraft which exceed the amount of the standard commercial fare. (11) Costs incurred in making any payment (commonly known as a “golden p…
  • FAR 32.400 Scope of subpart.
    …e 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.
  • DFARS 252.232-7003 Electronic Submission of Payment Requests and Receiving Reports.
    …nancing payments include— (i) Advance payments; (ii) Performance-based payments; (iii) Commercial advance and interim payments; (iv) Progress payments based on cost under the clause at Federal Acquisition Regulation (FAR) 52.232-16, Pro…
  • FAR 13.302-1 General.
    …urchase orders generally are issued on a fixed-price basis. See 12.207 for acquisition of commercial products and commercial services. (b) Purchase orders shall— (1) Specify the quantity of supplies or scope of services ordered; (2) Cont…
  • FAR 32.000 Scope of part.
    …o aid in private financing; (f) Selected payment clauses; (g) Financing of purchases of commercial products and commercial services; (h) Performance-based payments; and (i) Electronic funds transfer payments.
  • FAR 42.302 Contract administration functions.
    …-owned, HUBZone, and service-disabled veteran-owned small business subcontracting for its commercial products, or, if there is no currently approved plan, assist the contracting officer in evaluating the plans for those products. (54) Assi…
  • FAR 32.005 Consideration for contract financing.
    …mance. (c) Interest. Except as provided in subpart 32.4, Advance Payments for Other Than Commercial Acquisitions, the contract shall not provide for any other type of specific charges, such as interest, for contract financing.
  • FAR 32.006-1 General.
    …dvance, partial, or progress payments is based on fraud. This authority does not apply to commercial interim payments under subpart 32.2, or performance-based payments under subpart 32.10. (c) The agency head may not delegate his or her re…
  • FAR 50.103-4 Facts and evidence.
    …volved. (8) A detailed statement of efforts the contractor has made to obtain funds from commercial sources to enable contract completion. (9) A statement of the minimum amount the contractor needs as an amendment without consideration to…
  • DFARS 245.102 Policy.
    …item identification after delivery of an item acquired from a small business concern or a commercial product acquired under FAR part 12 or part 8. (1) The determination and findings shall be executed by— (i) The Component Acquisition Exec…

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.