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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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23 sections with “financing institution”

  • FAR 32.202-4 Security for Government financing.
    … 3805and 41 U.S.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 …
  • FAR 32.304-2 Certificate of eligibility.
    …that the contracting officer deems to be of material consequence, when— (1) The contract financing office requests it; (2) Another interested agency requests it; or (3) The application for a loan guarantee relates to a contract or subcon…
  • FAR 32.304-1 Application for guarantee.
    …at needs operating funds to perform a contract related to national defense may apply to a financing institution for a loan. If the financing institution is willing to extend credit, but considers a Government guarantee necessary, the instit…
  • FAR 2.101 Definitions.
    …satisfy agency needs, solicitation and selection of sources, award of contracts, contract financing, contract performance, contract administration, and those technical and management functions directly related to the process of fulfilling a…
  • FAR 32.303 General.
    … of the contractor are vital to the national defense; and (3) No other suitable means of financing are available. (c) Loan guarantees are not issued to other agencies of the Government. (d) Guaranteed loans are essentially the same as co…
  • FAR 32.304-5 Assignment of claims under contracts.
    …g any contracts entered into during the term of the guaranteed loan that are eligible for financing under the loan); however, the agency need not require assignment if any of the following conditions are present: (1) The contractor's finan…
  • FAR 32.304-7 Contract surety bonds and loan guarantees.
    …rantee of a loan on a bonded contract unless the surety enters into an agreement with the financing institution to subordinate the surety's rights and claims in favor of the guaranteed loan. (c) The agency approval of a guarantee for a loa…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …ayment due as a result of performance of this contract to a bank, trust company, or other financing institution, including any Federal lending agency in accordance with the Assignment of Claims Act (31 U.S.C. 3727). However, when a third pa…
  • FAR 52.232-23 Assignment of Claims.
    …me due as a result of the performance of this contract to a bank, trust company, or other financing institution, including any Federal lending agency. The assignee under such an assignment may thereafter further assign or reassign its right…
  • DFARS 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    …CT BASIS (DEC 2022) (a) Performance-based payments shall form the basis for the contract financing payments provided under this contract, and shall apply to the whole contract. The performance-based payments schedule (Contract Attachment _…
  • DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis.
    …em Basis (DEC 2022) (a) Performance-based payments shall form the basis for the contract financing payments provided under this contract and shall apply to Contract Line Item Number(s) (CLIN(s)) [Contracting Officer insert applicable CLIN(…
  • FAR 32.304-8 Other borrowing.
    …ntractors seek to supplement the loan by other borrowing (outside the guarantee) from the financing institution or other sources. It has been recognized in practice that, while prohibition of borrowings outside the guaranteed loan is prefer…
  • FAR 32.403 Applicability.
    …ticable, whether or not a loan guarantee under this part is issued; for example, if— (1) Financing institutions will not assume a reasonable portion of the risk under a guaranteed loan; (2) Loans with reasonable interest rates or finance …
  • FAR 32.802 Conditions.
    …ggregating $1,000 or more. (b) The assignment is made to a bank, trust company, or other financing institution, including any Federal lending agency. (c) The contract does not prohibit the assignment. (d) Unless otherwise expressly permi…
  • FAR 32.803 Policies.
    (a) Any assignment of claims that has been made under the Act to any type of financing institution listed in 32.802(b) may thereafter be further assigned and reassigned to any such institution if the conditions in 32.802(d) and (e) continue…
  • FAR 32.805 Procedure.
    … listed in 32.802(e) a— (i) Written notice of release of the contractor by the assigning financing institution; (ii) Copy of the release instrument; (iii) Written notice of the further assignment or reassignment; and (iv) Copy of the fu…
  • FAR 49.404 Surety-takeover agreements.
    …s are excusable under the contract. (3) If the contract proceeds have been assigned to a financing institution, the surety must not be paid from unpaid earnings, unless the assignee provides written consent. (4) The contracting officer mu…
  • DFARS 232.470 Advance payment pool.
    (a) An advance payment pool agreement— (1) Is a means of financing the performance of more than one contract held by a single contractor; (2) Is especially convenient for the financing of cost-type contracts with nonprofit educational or …
  • FAR 32.410 Findings, determination, and authorization.
    …his security is considered adequate. (5) Advance payments are the only adequate means of financing available to the Contractor, and the amount designated in (2) above is based, to the extent possible, on the use of the Contractor's own wor…
  • FAR 32.408 Application for advance payments.
    …procedures. (5) A description of the contractor's efforts to obtain unguaranteed private financing or a V-loan (see 32.301) under eligible contracts. This requirement is not applicable to the contract types described in 32.403(a) or (b). …
  • FAR 52.232-33 Payment by Electronic Funds Transfer—System for Award Management.
    …s contract until correct EFT information is entered into SAM; and any invoice or contract financing request shall be deemed not to be a proper invoice for the purpose of prompt payment under this contract. The prompt payment terms of the co…
  • FAR 52.232-34 Payment by Electronic Funds Transfer—Other than System for Award Management.
    …rom the Contractor. Until receipt of the correct EFT information, any invoice or contract financing request shall be deemed not to be a proper invoice for the purpose of prompt payment under this contract. The prompt payment terms of the co…
  • DFARS 212.301 Solicitation provisions and contract clauses for the acquisition of commercial products and commercial services.
    …ts, as prescribed in 229.402-70, to comply with 26 U.S.C. 5000C. (xiv) Part 232—Contract Financing. (A) Use the clause at 252.232-7003, Electronic Submission of Payment Requests and Receiving Reports, as prescribed in 232.7004, to comply w…

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.