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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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76 sections with “financial condition”: the first 40

  • FAR 52.247-6 Financial Statement.
    …on or for transportation-related services to ensure that offerors are prepared to furnish financial statements: Financial Statement (APR 1984) The offeror shall, upon request, promptly furnish the Government with a current certified state…
  • FAR 32.411 Agreement for special account at a financial institution.
    …ert the name of the State of incorporation] corporation (the Contractor), and ________, a financial institution operating under the laws of ________, located at ________ (the financial institution). Recitals (a) Under date of ________, 20…
  • DFARS 252.209-7007 Prohibited Financial Interests for Lead System Integrators.
    As prescribed in 209.570-4(b), use the following clause: Prohibited Financial Interests for Lead System Integrators (DEC 2022) (a) Definitions. As used in this clause— (1) Lead system integrator includes lead system integrator with syste…
  • FAR 32.202-4 Security for Government financing.
    …. (2) Subject to agency regulations, the contracting officer may determine the offeror's financial condition to be adequate security, provided the offeror agrees to provide additional security should that financial condition become inadequ…
  • FAR 32.503-6 Suspension or reduction of payments.
    …uating the effect of the action on the contractor's operations, based on the contractor's financial condition, projected cash requirements, and the existing or available credit arrangements; and (iii) Considering the general equities of th…
  • FAR 52.232-12 Advance Payments.
    …or deposit only in the Contractor's special account with the ____ [insert the name of the financial institution]. None of the funds in the special account shall be mingled with other funds of the Contractor. Withdrawals from the special acc…
  • DFARS 213.305-3 Conditions for use.
    …ts. Use of imprest funds and third party drafts must comply with— (A) DoD 7000.14-R, DoD Financial Management Regulation, Volume 5, Disbursing Policy and Procedures; and (B) The Treasury Financial Manual, Volume I, Part 4, Chapter 3000. …
  • DFARS 232.072-2 Appropriate information.
    (a) The contracting officer shall obtain 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 s…
  • FAR 32.408 Application for advance payments.
    …nts. (3) The proposed total amount of advance payments. (4) The name and address of the financial institution at which the contractor expects to establish a special account as depository for the advance payments. If advance payments in th…
  • FAR 32.503-2 Supervision of progress payments.
    … the contractor's experience, performance record, reliability, quality of management, and financial strength, and with the adequacy of the contractor's accounting system and controls. Supervision shall be of a kind and degree sufficient to …
  • FAR 32.607-2 Deferment of collection.
    …ation with the request for deferment may be limited to an explanation of the contractor's financial condition. (2) Actions filed by contractors under the Disputes Clause shall not suspend or delay collection. (3) If there is no appeal pen…
  • DFARS 232.072-1 Required financial reviews.
    The contracting officer shall perform a financial review when the contracting officer does not otherwise have sufficient information to make a positive determination of financial responsibility. In addition, the contracting officer shall co…
  • FAR 2.101 Definitions.
    …e, computer, or magnetic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. The term includes Automated Clearing House transfers, Fedwire transfers, and transfers made at au…
  • FAR 28.308 Self-insurance.
    …ms regarding insurance coverage for any Government property; (4) The contractor's latest financial statements; (5) Any self-insurance feasibility studies or insurance market surveys reporting comparative alternatives; (6) Loss history, p…
  • FAR 32.206 Solicitation provisions and contract clauses.
    …he contract. (3) If the security accepted by the contracting officer is the contractor's financial condition, the contracting officer shall incorporate in the clause constructed under paragraph (b)(1) of this section the following— (i) A …
  • FAR 52.203-16 Preventing Personal Conflicts of Interest.
    …ublic. Personal conflict of interest means a situation in which a covered employee has a financial interest, personal activity, or relationship that could impair the employee's ability to act impartially and in the best interest of the Gov…
  • FAR 52.227-14 Rights in Data—General.
    …are. The term does not include information incidental to contract administration, such as financial, administrative, cost or pricing, or management information. Form, fit, and function data means data relating to items, components, or proc…
  • FAR 52.228-14 Irrevocable Letter of Credit.
    … credit” (ILC), as used in this clause, means a written commitment by a federally insured financial institution to pay all or part of a stated amount of money, until the expiration date of the letter, upon presentation by the Government (th…
  • FAR 52.232-32 Performance-Based Payments.
    …ct is endangered by the Contractor's (i) failure to make progress, or (ii) unsatisfactory financial condition. (3) The Contractor is delinquent in payment of any subcontractor or supplier under this contract in the ordinary course of busin…
  • FAR 52.232-34 Payment by Electronic Funds Transfer—Other than System for Award Management.
    … meaning of paragraph (d) of this clause. (h) Liability for change of EFT information by financial agent. The Government is not liable for errors resulting from changes to EFT information provided by the Contractor's financial agent. (i) …
  • FAR 32.207 Administration and payment of commercial financing payments.
    …sponsible for determining that the security continues to be adequate. If the contractor's financial condition is the Government's security, this contracting officer is also responsible for monitoring the contractor's financial condition.
  • FAR 32.502-2 Contract finance office clearance.
    …rms prescribed in this part. (c) Providing progress payments to a contractor— (1) Whose financial condition is in doubt; (2) Who has had an advance payment request or loan guarantee denied for financial reasons (or approved but withdrawn…
  • FAR 52.227-20 Rights in Data—SBIR Program.
    …are. The term does not include information incidental to contract administration, such as financial, administrative, cost or pricing or management information. Form, fit, and function data means data relating to items, components, or proce…
  • FAR 52.228-2 Additional Bond Security.
    …ying labor or materials under this contract if— (a) Any surety upon any bond, or issuing financial institution for other security, furnished with this contract becomes unacceptable to the Government; (b) Any surety fails to furnish report…
  • FAR 52.232-16 Progress Payments.
    …act is endangered by the Contractor's (i) failure to make progress or (ii) unsatisfactory financial condition. (3) Inventory allocated to this contract substantially exceeds reasonable requirements. (4) The Contractor is delinquent in pay…
  • DFARS 232.202-4 Security for Government financing.
    (a)(2) When determining whether an offeror's financial condition is adequate security, see 232.072-2 and 232.072-3 for guidance. It should be noted that an offeror's financial condition may be sufficient to make the contractor responsible f…
  • FAR 19.804-3 SBA acceptance.
    …development needs, compliance with competitive business mix requirements (if applicable), financial condition, management ability, technical capability, and whether award will promote the equitable distribution of 8(a) contracts. (For const…
  • FAR 31.205-20 Interest and other financial costs.
    Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of prepar…
  • FAR 32.006-4 Procedures.
    …nticipated loss to the Government as a result of the fraud; (3) The contractor's overall financial condition and ability to continue performance if payments are reduced or suspended; (4) The contractor's essentiality to the national defen…
  • FAR 32.304-5 Assignment of claims under contracts.
    … require assignment if any of the following conditions are present: (1) The contractor's financial condition is so strong that the protection to the Government provided by an assignment of claims is unnecessary. (2) In connection with the…
  • FAR 32.503-3 Initiation of progress payments and review of accounting system.
    …erformance, (2) possessed of an adequate accounting system and controls, and (3) in sound financial condition, progress payments in amounts requested by the contractor should be approved as a matter of course. (b) For all other contractors…
  • FAR 42.302 Contract administration functions.
    … of the estimated cost under cost-reimbursement contracts. (17) Monitor the contractor's financial condition and advise the contracting officer when it jeopardizes contract performance. (18) Analyze quarterly limitation on payments statem…
  • FAR 47.207-1 Qualifications of offerors.
    …ecome familiar with conditions under which and where the services will be performed. (e) Financial statement. The contracting officer shall insert the provision at 52.247-6, Financial Statement, to ensure that offerors are prepared to furn…
  • FAR 52.232-33 Payment by Electronic Funds Transfer—System for Award Management.
    …rement of this contract, payment to an ultimate recipient other than the Contractor, or a financial institution properly recognized under an assignment of claims pursuant to subpart 32.8, is not permitted. In all respects, the requirements …
  • DFARS 217.172 Multiyear contracts for supplies.
    …with DoD policy (e.g., the full funding policy in Volume 2A, chapter 1, of DoD 7000.14-R, Financial Management Regulation). (h) The head of the agency shall ensure that the following conditions are satisfied before awarding a multiyear con…
  • DFARS 252.217-7008 Bonds.
    …nection with a job order under this agreement fails to submit requested reports as to its financial condition or otherwise becomes unacceptable to the Government, the Contracting Officer may require the Contractor to furnish whatever additi…
  • FAR 31.205-6 Compensation for personal services.
    …diate families; and (B) Persons who are contractually committed to acquire a substantial financial interest in the contractor's enterprise. (ii) For these individuals, compensation must— (A) Be reasonable for the personal services render…
  • FAR 32.104 Providing contract financing.
    … (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 contracting officer must give special attention to meeting the contractor's …
  • FAR 52.204-13 System for Award Management Maintenance.
    …uded from receiving Federal contracts, certain subcontracts, and certain types of Federal financial and non-financial assistance and benefits. Unique entity identifier means a number or other identifier used to identify a specific commerci…
  • FAR 52.216-7 Allowable Cost and Payment.
    …here the procedures have not changed from the previous year's submission). (F) Certified financial statements and other financial data (e.g., trial balance, compilation, review, etc.). (G) Management letter from outside CPAs concerning an…

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.