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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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56 sections with “contract financing terms”: the first 40

  • FAR 32.203 Determining contract financing terms.
    When the criteria in 32.202-1(b) are met, the contracting officer may either specify the financing terms in the solicitation (see 32.204) or permit each offeror to propose its own customary financing terms (see 32.205). When the contracting…
  • FAR 32.005 Consideration for contract financing.
    (a) Requirement. When a contract financing clause is included at the inception of a contract, there shall be no separate consideration for the contract financing clause. The value of the contract financing to the contractor is expected to b…
  • FAR 32.007 Contract financing payments.
    …ocedures or otherwise specified in paragraph (b) of this section, the due date for making contract financing payments by the designated payment office is the 30th day after the designated billing office receives a proper contract financing …
  • FAR 32.204 Procedures for contracting officer-specified commercial contract financing.
    The financing terms shall be included in the solicitation. Contract financing shall not be a factor in the evaluation of resulting proposals, and proposals of alternative financing terms shall not be accepted (but see 14.208 and 15.206 conc…
  • FAR 32.205 Procedures for offeror-proposed commercial contract financing.
    (a) Under this procedure, each offeror may propose financing terms. The contracting officer must then determine which offer is in the best interests of the United States. (b) Solicitations. The contracting officer must include in the solic…
  • FAR 32.202-3 Conducting market research about financing terms.
    Contract financing may be a subject included in the market research conducted in accordance with part 10. If market research for contract financing is conducted, the contracting officer should consider— (a) The extent to which other buyers…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    As 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 c…
  • FAR 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services.
    As prescribed in 12.301(b)(4), insert the following clause: Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services (MAR 2026) (a) The Contractor shall comply with the f…
  • FAR 52.232-29 Terms for Financing of Purchases of Commercial Products and Commercial Services.
    …for Financing of Purchases of Commercial Products and Commercial Services (NOV 2021) (a) Contractor entitlement to financing payments. The Contractor may request, and the Government shall pay, a contract financing payment as specified else…
  • FAR 52.232-31 Invitation To Propose Financing Terms.
    … 2022) (a) The offeror is invited to propose terms under which the Government shall make contract financing payments during contract performance. The financing terms proposed by the offeror shall be a factor in the evaluation of the offero…
  • DFARS 232.007 Contract financing payments.
    (a) DoD policy is to make contract financing payments as quickly as possible. Generally, the contracting officer shall insert the standard due dates of 7 days for progress payments, and 14 days for performance-based payments and interim pay…
  • FAR 32.202-4 Security for Government financing.
    ….C. 4505 require the Government to obtain adequate security for Government financing. The contracting officer shall specify in the solicitation the type of security the Government will accept. If the Government is willing to accept more tha…
  • FAR 32.110 Payment of subcontractors under cost-reimbursement prime contracts.
    If the contractor makes financing payments to a subcontractor under a cost-reimbursement prime contract, the contracting officer should accept the financing payments as reimbursable costs of the prime contract only under the following condi…
  • FAR 32.206 Solicitation provisions and contract clauses.
    (a) The contract shall contain 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 offic…
  • FAR 32.504 Subcontracts under prime contracts providing progress payments.
    (a) Subcontracts may include either performance-based payments, provided they meet the criteria in 32.1003, or progress payments, provided they meet the criteria in subpart 32.5 for customary progress payments, but not both. Subcontracts fo…
  • FAR 42.302 Contract administration functions.
    (a) The contracting officer normally delegates the following contract administration functions to a CAO. The contracting officer may retain any of these functions, except those in paragraphs (a)(5), (a)(9), (a)(11), and (a)(12) of this sect…
  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    …111(a)(7), insert the following clause: Payments Under Time-and-Materials and Labor-Hour Contracts (NOV 2021) The Government will pay the Contractor as follows upon the submission of vouchers approved by the Contracting Officer or the aut…
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …2.908(a), insert the following clause: Prompt Payment for Fixed-Price Architect-Engineer Contracts (JAN 2017) Notwithstanding any other payment terms in this contract, the Government will make invoice payments under the terms and conditio…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    As prescribed in 32.908(b), insert the following clause: Prompt Payment for Construction Contracts (JAN 2017) Notwithstanding any other payment terms in this contract, the Government will make invoice payments under the terms and conditio…
  • 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…
  • DFARS 252.217-7027 Contract Definitization.
    As prescribed in 217.7406(b), use the following clause: Contract Definitization (MAY 2023) (a) A___ [insert specific type of contract action] is contemplated. The Contractor agrees to begin promptly negotiating with the Contracting Office…
  • DFARS 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    …escribed in 232.1005-70(a)(1), use the following clause: PERFORMANCE-BASED PAYMENTS—WHOLE-CONTRACT BASIS (DEC 2022) (a) Performance-based payments shall form the basis for the contract financing payments provided under this contract, and s…
  • FAR 2.101 Definitions.
    … or term when used in that part, subpart, or section. Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lea…
  • FAR 9.406-2 Causes for debarment.
    The suspending and debarring official may debar— (a) A contractor for a conviction of or civil judgment for— (1) Commission of fraud or a criminal offense in connection with— (i) Obtaining; (ii) Attempting to obtain; or (iii) Performin…
  • FAR 10.001 Policy.
    …warding a task or delivery order under an indefinite-delivery-indefinite-quantity (ID/IQ) contract (e.g., GWACs, MACs) for other than a commercial product or commercial service in excess of the simplified acquisition threshold 10 U.S.C. 345…
  • FAR 10.002 Procedures.
    … on such factors as urgency, estimated dollar value, complexity, and past experience. The contracting officer may use market research conducted within 18 months before the award of any task or delivery order if the information is still curr…
  • FAR 12.302 Tailoring of provisions and clauses for the acquisition of commercial products and commercial services.
    …actices, and the relative volume of the Government's acquisitions in the specific market, contracting officers may, within the limitations of this subpart, and after conducting appropriate market research, tailor the provision at 52.212-1, …
  • FAR 12.603 Streamlined solicitation for commercial products or commercial services.
    (a) When a written solicitation will be issued, the contracting officer may use the following procedure to reduce the time required to solicit and award contracts for the acquisition of commercial products or commercial services. This proce…
  • FAR 17.106-1 General.
    (a) Method of contracting. The nature of the requirement should govern the selection of the method of contracting, since the multiyear procedure is compatible with sealed bidding, including two-step sealed bidding, and negotiation. (b) Typ…
  • FAR 17.106-3 Special procedures applicable to DoD, NASA, and the Coast Guard.
    (a) Participation by subcontractors, suppliers, and vendors. In order to broaden the defense industrial base, to the maximum extent practicable— (1) Multiyear contracting shall be used in such a manner as to seek, retain, and promote the u…
  • FAR 32.001 Definitions.
    …ayment 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 interest penalty provisions of the Prompt Payment Act in accordance …
  • FAR 32.106 Order of preference.
    The contracting officer must consider the following order of preference when a contractor requests contract financing, unless an exception would be in the Government's best interest in a specific case: (a) Private financing without Governm…
  • FAR 32.202-1 Policy.
    (a) Use of financing in contracts. It is the responsibility of the contractor to provide all resources needed for performance of the contract. Thus, for purchases of commercial products or commercial services, financing of the contract is n…
  • FAR 32.304-2 Certificate of eligibility.
    (a) The contracting officer shall prepare the certificate of eligibility for a contract that the contracting officer deems to be of material consequence, when— (1) The contract financing office requests it; (2) Another interested agency r…
  • FAR 32.402 General.
    …435) is described at 50.102-3(b)(4). (b) Advance payments may be provided on any type of contract; however, the agency shall authorize advance payments sparingly. Except for the contracts described in 32.403(a) and (b), advance payment is …
  • FAR 32.410 Findings, determination, and authorization.
    …indings (a) The undersigned hereby finds that: (1) The ________ [insert the name of the contracting activity] and ________ [insert the name of the contractor] (have entered) (propose to enter) into (negotiated) (sealed bid) Contract No. _…
  • FAR 32.601 General.
    (a) Contract debts are amounts that— (1) Have been paid to a contractor to which the contractor is not currently entitled under the terms and conditions of the contract; or (2) Are otherwise due from the contractor under the terms and con…
  • FAR 32.804 Extent of assignee's protection.
    (a) No payments made by the Government to the assignee under any contract assigned in accordance with the Act may be recovered on account of any liability of the contractor to the Government. This immunity of the assignee is effective wheth…
  • FAR 32.1004 Procedures.
    Performance-based payments may be made either on a whole contract or on a deliverable item basis, unless otherwise prescribed by agency regulations. Financing payments to be made on a whole contract basis are applicable to the entire contra…
  • FAR 49.404 Surety-takeover agreements.
    …e procedures in this section apply primarily, but not solely, to fixed-price construction contracts terminated for default. (b) Since the surety is liable for damages resulting from the contractor's default, the surety has certain rights a…

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.