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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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32 sections with “interim payments”

  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    …es, incurred by the Contractor under the terms of this contract relating to patents. (h) Interim payments on contracts for other than services. (1) Interim payments made prior to the final payment under the contract are contract financing …
  • 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…
  • DFARS 232.007 Contract financing payments.
    …due dates of 7 days for progress payments, and 14 days for performance-based payments and interim payments on cost-type contracts, in the appropriate paragraphs of the respective payment clauses. For interim payments on cost-reimbursement c…
  • DFARS 252.242-7005 Contractor business systems.
    …yments, and direct the Contractor, in writing, to withhold 5 percent from its billings on interim cost vouchers on cost-reimbursement, labor-hour, and time-and-materials contracts until the Contracting Officer has determined that the Contra…
  • DFARS 232.906 Making payments.
    …)(i) Generally, the contracting officer shall insert the standard due date of 14 days for interim payments on cost-reimbursement contracts for services in the clause at FAR 52.232-25, Prompt Payment, when using the clause with its Alternate…
  • DFARS 242.7000 Contractor business system deficiencies.
    …242-7005 does not exceed 10 percent of progress payments, performance-based payments, and interim payments under cost-reimbursement, labor-hour, and time-and-materials contracts billed under each of the identified covered contracts. Similar…
  • FAR 32.905 Payment documentation and process.
    …b) Content of invoices. (1) A proper invoice must include the following items (except for interim payments on cost reimbursement contracts for services): (i) Name and address of the contractor. (ii) Invoice date and invoice number. (Contr…
  • FAR 49.112-1 Partial payments.
    …actor may request them on the form prescribed in 49.602-4 at any time after submission of interim or final settlement proposals. The Government will process applications for partial payments promptly. A subcontractor shall submit its applic…
  • FAR 52.216-7 Allowable Cost and Payment.
    …ng payments are not subject to the interest penalty provisions of the Prompt Payment Act. Interim payments made prior to the final payment under the contract are contract financing payments, except interim payments if this contract contains…
  • FAR 52.232-25 Prompt payment.
    …d in 32.908(c)(3), add the following paragraph (e) to the basic clause: (e) Invoices for interim payments. For interim payments under this cost-reimbursement contract for services— (1) Paragraphs (a)(2), (a)(3), (a)(4)(ii), (a)(4)(iii), a…
  • DFARS 252.232-7003 Electronic Submission of Payment Requests and Receiving Reports.
    …e— (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, Progress Payments; (v) Pr…
  • FAR 32.202-2 Types of payments for commercial product and commercial service purchases.
    …ect to subpart 32.4, Advance Payments for Other Than Commercial Acquisitions. Commercial interim payment (See 32.001.) Delivery payment (See 32.001).
  • FAR 32.206 Solicitation provisions and contract clauses.
    …th the terms of the contract. Contracts may provide for commercial advance and commercial interim payments based upon a wide variety of bases, including (but not limited to) achievement or occurrence of specified events, the passage of time…
  • FAR 32.006-1 General.
    …tial, 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 responsibilit…
  • FAR 32.202-1 Policy.
    …n doing so will be in the best interest of the Government. (b) Authorization. Commercial interim payments and commercial advance payments may be made under the following circumstances— (1) The contract item financed is a commercial supply…
  • FAR 32.202-3 Conducting market research about financing terms.
    …advance payments (see 32.202-2); (d) The basis for any payments equivalent to commercial interim payments (see 32.001), as well as the frequency, and amounts or percentages; and (e) Methods of liquidation of contract financing payments an…
  • FAR 32.904 Determining payment due dates.
    …oses of computing late payment interest penalties that may apply, the due date for making interim payments on cost-reimbursement contracts for services is 30 days after the date of receipt of a proper invoice. (f) Food and specified items.…
  • FAR 32.907 Interest penalties.
    …The designated payment office paid the contractor after the due date. (5) In the case of interim payments on cost-reimbursement contracts for services, when payment is made more than 30 days after the designated billing office receives a p…
  • DFARS 232.206 Solicitation provisions and contract clauses.
    …ated billing office of a proper request for payment, whichever is later. (ii) Commercial interim payments: The contractor entitlement date specified in the contract, or 14 days after receipt by the designated billing office of a proper req…
  • FAR 30.606 Resolving cost impacts.
    … for affected contracts to reflect compliant contract cost accumulations; and (B) Adjust interim payment requests (public vouchers and/or progress payments) and final vouchers to reflect the difference between the costs paid using the nonc…
  • FAR 42.1503 Procedures.
    …n roles and responsibilities to those individuals responsible for preparing and reviewing interim evaluations, if prepared, and final evaluations (e.g., contracting officers, contracting officer representatives, project managers, and progra…
  • FAR 30.605 Processing noncompliances.
    … increased costs paid by the Government, in the aggregate; and (4) The net effect of any interim and final voucher billing adjustments made to correct a cost accumulation noncompliance will not result in the recovery of more than the incre…
  • FAR 32.402 General.
    …yment determinations are that— (i) The advance payments will not exceed the contractor's interim cash needs based on— (A) Analysis of the cash flow required for contract performance; (B) Consideration of the reimbursement or other paymen…
  • FAR 32.410 Findings, determination, and authorization.
    …under the contract. The amount does not exceed the unpaid contract price or the estimated interim cash needs arising during the reimbursement cycle. (3) The advance payments are necessary for prompt, efficient contract performance that wil…
  • FAR 32.503-11 Adjustments for price reduction.
    … shall also increase the unliquidated progress payments amount if the contractor makes an interim or voluntary price reduction under a redeterminable or incentive contract.
  • FAR 42.302 Contract administration functions.
    …orating contractor proposals resulting from these instructions. (6) Negotiate changes to interim billing prices. (7) Negotiate and definitize adjustments to contract prices resulting from exercise of an economic price adjustment clause (s…
  • FAR 49.105 Duties of termination contracting officer after issuance of notice of termination.
    …ent proposals; (11) Accounting review of settlement proposals; (12) Any requirement for interim financing in the nature of partial payments; (13) Tentative time schedule for negotiation of the settlement, including submission by the cont…
  • FAR 52.216-5 Price Redetermination—Prospective.
    …ent and for which final prices have not been established; (iii) The portion of the total interim profit (used in establishing the initial contract price or agreed to for the purpose of this paragraph (h)) that is in direct proportion to th…
  • FAR 52.216-6 Price Redetermination—Retroactive.
    …ent and for which final prices have not been established; (iii) The portion of the total interim profit (used in establishing the initial contract price or agreed to for the purpose of this paragraph (g)) that is in direct proportion to th…
  • FAR 52.216-17 Incentive Price Revision—Successive Targets.
    …ent and for which final prices have not been established; (iii) The portion of the total interim profit (used in establishing the initial contract price or agreed to for the purpose of this paragraph (i)) that is in direct proportion to th…
  • DFARS 232.072-2 Appropriate information.
    …turer/partner: (1) Balance sheet and income statement— (i) For the current fiscal year (interim); (ii) For the most recent fiscal year and, preferably, for the 2 preceding fiscal years. These should be certified by an independent public …
  • DFARS 252.242-7006 Accounting System Administration.
    …n system that charges direct and indirect labor to the appropriate cost objectives; (11) Interim (at least monthly) determination of costs charged to a contract through routine posting of books of account; (12) Exclusion from costs charge…

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.