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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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38 sections with “liquidation”

  • FAR 32.503-9 Liquidation rates—alternate method.
    (a) The liquidation rate determined under 32.503-8 shall apply throughout the period of contract performance unless the contracting officer adjusts the liquidation rate under the alternate method in this 32.503-9. The objective of the alter…
  • FAR 32.503-10 Establishing alternate liquidation rates.
    (a) The contracting officer must ensure that the liquidation rate is— (1) High enough to result in Government recoupment of the applicable progress payments on each billing; and (2) Supported by documentation included in the administratio…
  • FAR 32.503-8 Liquidation rates—ordinary method.
    The Government recoups progress payments through the deduction of liquidations from payments that would otherwise be due to the contractor for completed contract items. To determine the amount of the liquidation, the contracting officer app…
  • FAR 49.406 Liquidation of liability.
    The contract provides that the contractor and the surety are liable to the Government for resultant damages. The contracting officer shall use all retained percentages of progress payments previously made to the contractor and any progress …
  • FAR 32.206 Solicitation provisions and contract clauses.
    …actor entitlement to those financing payments (see paragraph (c) of this section); (iii) Liquidation of those financing payments by delivery payments (see paragraph (e) of this section); (iv) Security the contractor will provide for finan…
  • FAR 32.1004 Procedures.
    …pective funds accounts. Distribution instructions shall be consistent with the contract's liquidation provisions. (d) Liquidating performance-based finance payments. Performance-based amounts shall be liquidated by deducting a percentage o…
  • FAR 52.232-12 Advance Payments.
    …nder this paragraph shall be applied to reduce the unliquidated advance payments. If full liquidation has been made, payments under the contract shall resume. (f) Interest. (1) The Contractor shall pay interest to the Government on the dai…
  • FAR 52.232-16 Progress Payments.
    …, and accepted shall not include costs in excess of the contract price of the items. (b) Liquidation. Except as provided in the Termination for Convenience of the Government clause, all progress payments shall be liquidated by deducting fr…
  • FAR 52.232-32 Performance-Based Payments.
    … does not excuse the Contractor from performance of obligations under this contract. (d) Liquidation of performance-based payments. (1) Performance-based finance amounts paid prior to payment for delivery of an item shall be liquidated by …
  • FAR 32.503-6 Suspension or reduction of payments.
    …se provides a Government right to reduce or suspend progress payments, or to increase the liquidation rate, under specified conditions. These conditions and actions are discussed in paragraphs (b) through (g) below. (1) The contracting off…
  • FAR 32.503-12 Maximum unliquidated amount.
    …t is promptly corrected through one or more of the following actions: (1) Increasing the liquidation rate. (2) Reducing the progress payment rate. (3) Suspending progress payments. (b) The excess described in paragraph (a) above is most…
  • FAR 32.110 Payment of subcontractors under cost-reimbursement prime contracts.
    ….501-2. (c) If customary progress payments are made, the subcontractor complies with the liquidation principles of 32.503-8, 32.503-9, and 32.503-10. (d) If performance-based payments are made, the subcontractor complies with the liquidat…
  • FAR 32.502-4 Contract clauses.
    …ferent customary rate for other than small business concerns for the progress payment and liquidation rate indicated. (3) If an unusual progress payment rate is approved for the prime contractor (see 32.501-2), substitute the approved rate…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …g the— (A) Circumstances of the overpayment (e.g., duplicate payment, erroneous payment, liquidation errors, date(s) of overpayment); (B) Affected contract number and delivery order number, if applicable; (C) Affected line item or sublin…
  • FAR 52.232-30 Installment Payments for Commercial Products and Commercial Services.
    … requests shall be paid within 30 days of submittal of a proper request for payment. (e) Liquidation of installment payments. Installment payments shall be liquidated by deducting from the delivery payment of each item the total unliquidat…
  • FAR 22.1702 Definitions.
    …for debt, if the value of those services as reasonably assessed is not applied toward the liquidation of the debt or the length and nature of those services are not respectively limited and defined. Employee means an employee of the Contra…
  • FAR 32.202-1 Policy.
    …; and (8) The contracting officer obtains concurrence from the payment office concerning liquidation provisions when required by 32.206(e). (c) Difference from other than commercial financing. Government financing of commercial purchases …
  • FAR 32.202-3 Conducting market research about financing terms.
    …s (see 32.001), as well as the frequency, and amounts or percentages; and (e) Methods of liquidation of contract financing payments and any special or unusual payment terms applicable to delivery payments (see 32.001).
  • FAR 32.412 Contract clause.
    …cer shall use the clause with its Alternate II. (d) If the agency considers a more rapid liquidation appropriate, the contracting officer shall use the clause with its Alternate III. (e) If the agency provides advance payments under the c…
  • FAR 32.501 General.
    …frequency of payment established in the Progress Payments clause, and either the ordinary liquidation method or the alternate method as provided in subsections 32.503-8 and 32.503-9. Any other progress payments are considered unusual, and m…
  • FAR 32.503-2 Supervision of progress payments.
    …r progress payment contract may affect adversely the performance of that contract and the liquidation of the progress payments. (c) For contracts with contractors (1) whose financial condition is doubtful or not strong in relation to progr…
  • FAR 32.503-15 Application of Government title terms.
    … complete and all contractor obligations under the contract are satisfied, including full liquidation of progress payments, the excess property is outside the scope of the Progress Payments clause. Therefore, the contractor holds title to i…
  • FAR 32.601 General.
    …ancing of commercial products or commercial services. (4) Increases to financing payment liquidation rates. (5) Overpayments disclosed by quarterly statements required under price redetermination or incentive contracts. (6) Price adjustm…
  • FAR 32.602 Responsibilities.
    …(2) Identifying and collecting duplicate and erroneous payments; and (3) Authorizing the liquidation of contract debts in accordance with agency procedures.
  • FAR 52.216-5 Price Redetermination—Prospective.
    … credits effected under this clause. If any portion of the excess has been applied to the liquidation of progress payments, then that portion may, instead of being refunded, be added to the unliquidated progress payment account, consistent …
  • FAR 52.216-6 Price Redetermination—Retroactive.
    … credits effected under this clause. If any portion of the excess has been applied to the liquidation of progress payments, then that portion may, instead of being refunded, be added to the unliquidated progress payment account, consistent …
  • FAR 52.216-16 Incentive Price Revision—Firm Target.
    … credits effected under this clause. If any portion of the excess has been applied to the liquidation of progress payments, then that portion may, instead of being refunded, be added to the unliquidated progress payment account consistent w…
  • FAR 52.216-17 Incentive Price Revision—Successive Targets.
    … credits effected under this clause. If any portion of the excess has been applied to the liquidation of progress payments, then that portion may, instead of being refunded, be added to the unliquidated progress payment account consistent w…
  • FAR 52.222-50 Combating Trafficking in Persons.
    …for debt, if the value of those services as reasonably assessed is not applied toward the liquidation of the debt or the length and nature of those services are not respectively limited and defined. Employee means an employee of the Contra…
  • FAR 52.232-25 Prompt payment.
    …g the— (i) Circumstances of the overpayment (e.g., duplicate payment, erroneous payment, liquidation errors, date(s) of overpayment); (ii) Affected contract number and delivery order number if applicable; (iii) Affected line item or subl…
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …g the— (i) Circumstances of the overpayment (e.g., duplicate payment, erroneous payment, liquidation errors, date(s) of overpayment); (ii) Affected contract number and delivery order number if applicable; (iii) Affected line item or subl…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    …g the— (i) Circumstances of the overpayment (e.g., duplicate payment, erroneous payment, liquidation errors, date(s) of overpayment); (ii) Affected contract number and delivery order number if applicable; (iii) Affected line item or subl…
  • DFARS 232.072-3 Cash flow forecasts.
    …) Estimated amounts and timing of cash receipts from lenders or other credit sources, and liquidation of loans; and (8) Estimated amount and timing of cash receipt from other sources. (f) The contracting officer should review the assumpti…
  • DFARS 232.501-3 Contract price.
    …he lesser of— (i) The applicable rate (i.e., the lower of the progress payment rate, the liquidation rate, or the loss-ratio adjusted rate); or (ii) 100 percent of the funds obligated.
  • DFARS 252.232-7002 Progress Payments for Foreign Military Sales Acquisitions.
    … prices, costs (including costs to complete), subcontract financing, and progress payment liquidations of the contract requirements to which it applies; and (e) Distribute costs among the countries in a manner acceptable to the Administrat…
  • DFARS 252.232-7004 DoD Progress Payment Rates.
    …ause of this contract is modified to change each mention of the progress payment rate and liquidations rate (excepting paragraph (k), Limitations on Undefinitized Contract Actions) to 90 percent. (End of clause)
  • DFARS 252.232-7011 Payments in Support of Emergencies and Contingency Operations.
    …g the— (A) Circumstances of the overpayment (e.g., duplicate payment, erroneous payment, liquidation errors, date(s) of overpayment); (B) Affected contract number and delivery order number, if applicable; (C) Affected contract line item …
  • DFARS 252.232-7018 Progress Payments—Multiple Lots.
    …ce, costs (including the cost to complete), subcontractor financing, and progress payment liquidations of the lot to which it applies; and (5) Distribute costs among lots in a manner acceptable to the Administrative 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.