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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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63 sections with “contractor's financial condition”: the first 40

  • FAR 32.411 Agreement for special account at a financial institution.
    …ted by the Contracting Officer executing this agreement, ________ [Insert the name of the Contractor], a ________ [Insert the name of the State of incorporation] corporation (the Contractor), and ________, a financial institution operating …
  • DFARS 232.072-1 Required financial reviews.
    …consider performing a financial review— (a) Prior to award of a contract, when— (1) The contractor is on a list requiring preaward clearance or other special clearance before award; (2) The contractor is listed on the Consolidated List o…
  • DFARS 252.209-7007 Prohibited Financial Interests for Lead System Integrators.
    …stem responsibility. (2) Lead system integrator with system responsibility means a prime contractor for the development or production of a major system, if the prime contractor is not expected at the time of award to perform a substantial …
  • DFARS 252.244-7001 Contractor Purchasing System Administration.
    Basic. As prescribed in 244.305-71 and 244.305-71(a), use the following clause: Contractor Purchasing System Administration—Basic (Jan 2025) (a) Definitions. As used in this clause— Acceptable purchasing system means a purchasing system …
  • FAR 28.308 Self-insurance.
    …ated that 50 percent or more of the self-insurance costs to be incurred at a segment of a contractor's business will be allocable to negotiated Government contracts, and the self-insurance costs at the segment for the contractor's fiscal ye…
  • FAR 32.202-4 Security for Government financing.
    …Financing of Purchases of Commercial Products and Commercial Services). Assessment of the contractor's financial condition shall consider both net worth and liquidity. If the contracting officer finds the offeror's financial condition is no…
  • FAR 32.206 Solicitation provisions and contract clauses.
    …nancing payment amounts (see paragraph (c) of this section); (ii) Specific conditions of contractor entitlement to those financing payments (see paragraph (c) of this section); (iii) Liquidation of those financing payments by delivery pay…
  • FAR 32.304-5 Assignment of claims under contracts.
    (a) The agency shall generally require a contractor that is provided a guaranteed loan to execute an assignment of claims under defense production contracts (including any contracts entered into during the term of the guaranteed loan that a…
  • FAR 32.408 Application for advance payments.
    (a) A contractor may apply for advance payments before or after the award of a contract. (b) The contractor shall submit any advance payment request in writing to the contracting officer and provide the following information: (1) A refere…
  • FAR 32.503-6 Suspension or reduction of payments.
    …recipitately or arbitrarily. These actions should be taken only after— (i) Notifying the contractor of the intended action and providing an opportunity for discussion; (ii) Evaluating the effect of the action on the contractor's operation…
  • FAR 32.607-2 Deferment of collection.
    …erment of collection must be submitted in writing to the contracting officer. (1) If the contractor has appealed the debt under the procedures of the Disputes clause of the contract, the information with the request for deferment may be li…
  • FAR 42.302 Contract administration functions.
    …2.101) has designated the contracting officer to perform these functions. (1) Review the contractor's compensation structure. (2) Review the contractor's insurance plans. (3) Conduct post-award orientation conferences. (4) Review and ev…
  • DFARS 232.072-2 Appropriate information.
    …ain the type and depth of financial and other information that is required to establish a contractor's financial capability or disclose a contractor's financial condition. While the contracting officer should not request information that is…
  • FAR 2.101 Definitions.
    …nd other related services. Assignment of claims means the transfer or making over by the contractor to a bank, trust company, or other financing institution, as security for a loan to the contractor, of its right to be paid by the Governme…
  • FAR 7.105 Contents of written acquisition plans.
    …. 657q). When the proposed acquisition strategy involves bundling, identify the incumbent contractors and contracts affected by the bundling. (v) Address the extent and results of the market research and indicate their impact on the variou…
  • FAR 15.404-2 Data to support proposal analysis.
    …ation necessary to perform the review. (4) When requesting field pricing assistance on a contractor's request for equitable adjustment, the contracting officer shall provide the information listed in 43.204(b)(5). (5) Field pricing inform…
  • FAR 15.407-1 Defective certified cost or pricing data.
    …ontracting officer shall immediately bring the matter to the attention of the prospective contractor, whether the defective data increase or decrease the contract price. The contracting officer shall consider any new data submitted to corre…
  • FAR 16.703 Basic ordering agreements.
    …standing, negotiated between an agency, contracting activity, or contracting office and a contractor, that contains (1) terms and clauses applying to future contracts (orders) between the parties during its term, (2) a description, as speci…
  • FAR 22.1003-4 Administrative limitations, variations, tolerances, and exemptions.
    …tract are used regularly for other than Government purposes and are sold or traded by the contractor in substantial quantities to the general public in the course of normal business operations. (ii) The services will be furnished at prices…
  • FAR 22.1702 Definitions.
    …nt means any individual, including a director, an officer, an employee, or an independent contractor, authorized to act on behalf of the organization. Coercion means— (1) Threats of serious harm to or physical restraint against any person…
  • FAR 31.205-6 Compensation for personal services.
    …. (3) The compensation must be based upon and conform to the terms and conditions of the contractor's established compensation plan or practice followed so consistently as to imply, in effect, an agreement to make the payment. (4) No pres…
  • FAR 32.006-4 Procedures.
    … case in which an agency's remedy coordination official finds substantial evidence that a contractor's request for advance, partial, or progress payments under a contract awarded by that agency is based on fraud, the remedy coordination off…
  • FAR 32.104 Providing contract financing.
    …ernment's best interest in the solicitation (see 32.106 and 32.113); and (5) Monitor the contractor's use of the contract financing provided and the contractor's financial status. (b) If the contractor is a small business concern, the con…
  • FAR 32.304-2 Certificate of eligibility.
    …tificate of eligibility, the accompanying data, and any other relevant information on the contractor's financial status and performance, to determine whether authorization of a loan guarantee would be in the Government's interest. (c) If t…
  • FAR 32.503-2 Supervision of progress payments.
    …ents supervision, by prepayment review or periodic review, should vary inversely with the contractor's experience, performance record, reliability, quality of management, and financial strength, and with the adequacy of the contractor's acc…
  • FAR 32.503-3 Initiation of progress payments and review of accounting system.
    (a) For contractors that the administrative contracting officer (ACO) has found by previous experience or recent audit review (within the last 12 months) to be (1) reliable, competent, and capable of satisfactory performance, (2) possessed …
  • FAR 52.203-16 Preventing Personal Conflicts of Interest.
    … or giving technical direction in contract performance or contract quantities, evaluating contractor performance, and accepting or rejecting contractor products or services). (7) Terminating contracts. (8) Determining whether contract cos…
  • FAR 52.204-13 System for Award Management Maintenance.
    …he same entity. Registered in the System for Award Management (SAM) means that— (1) The Contractor has entered all mandatory information, including the unique entity identifier and the EFT indicator (if applicable), the Commercial and Gov…
  • FAR 52.216-7 Allowable Cost and Payment.
    … Cost and Payment (AUG 2018) (a) Invoicing. (1) The Government will make payments to the Contractor when requested as work progresses, but (except for small business concerns) not more often than once every 2 weeks, in amounts determined t…
  • FAR 52.217-12 Reverse Auction Services.
    … material regardless of physical form or characteristics that is created or obtained by a contractor through the storage, processing, or communication of Government data. This does not include a contractor's business records (e.g., financia…
  • FAR 52.222-50 Combating Trafficking in Persons.
    …nt means any individual, including a director, an officer, an employee, or an independent contractor, authorized to act on behalf of the organization. Coercion means— (1) Threats of serious harm to or physical restraint against any person…
  • FAR 52.222-62 Paid Sick Leave Under Executive Order 13706.
    …art of the contract that is performed within the United States. (c) Paid sick leave. The Contractor shall— (1) Permit each employee engaged in performing work on or in connection with this contract to earn not less than 1 hour of paid sic…
  • FAR 52.227-14 Rights in Data—General.
    …or restricted computer software in accordance with paragraph (g) of this clause. (2) The Contractor shall have the right to— (i) Assert copyright in data first produced in the performance of this contract to the extent provided in paragra…
  • FAR 52.227-20 Rights in Data—SBIR Program.
    …g minor modifications of the computer software. SBIR data means data first produced by a Contractor that is a small business concern in performance of a small business innovation research contract issued under the authority of 15 U.S.C. 63…
  • FAR 52.230-2 Cost Accounting Standards.
    …03.201-2, the provisions of 48 CFR part 9903 are incorporated herein by reference and the Contractor, in connection with this contract, shall— (1) (CAS-covered Contracts Only) By submission of a Disclosure Statement, disclose in writing th…
  • FAR 52.230-3 Disclosure and Consistency of Cost Accounting Practices.
    …wing clause: Disclosure and Consistency of Cost Accounting Practices (JUN 2020) (a) The Contractor, in connection with this contract, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, an…
  • FAR 52.230-4 Disclosure and Consistency of Cost Accounting Practices—Foreign Concerns.
    …closure and Consistency of Cost Accounting Practices—Foreign Concerns (JUN 2020) (a) The Contractor, in connection with this contract, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, an…
  • FAR 52.230-5 Cost Accounting Standards—Educational Institution.
    …03.201-2, the provisions of 48 CFR part 9903 are incorporated herein by reference and the Contractor, in connection with this contract, shall— (1) (CAS-covered Contracts only). If a business unit of an educational institution (defined as a…
  • FAR 52.232-12 Advance Payments.
    …under this contract (1) upon submission of properly certified invoices or vouchers by the Contractor, and approval by the administering office, ____ [Insert the name of the office designated under agency procedures], or (2) under a letter o…
  • FAR 52.232-16 Progress Payments.
    … clause: Progress Payments (NOV 2021) The Government will make progress payments to the Contractor when requested as work progresses, but not more frequently than monthly, in amounts of $2,500 or more approved by the Contracting Officer, …

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.