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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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84 sections with “payment or credit”: the first 40

  • 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.
    (a) General. The Progress Payments clause 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) thro…
  • FAR 32.604 Demand for payment.
    …tion, the contracting officer shall take the following actions: (1) Issue the demand for payment as soon as the contracting officer has determined that an actual debt is due the Government and the amount. (2) Issue the demand for payment …
  • FAR 52.228-15 Performance and Payment Bonds—Construction.
    As prescribed in 28.102-3(a), insert a clause substantially as follows: Performance and Payment Bonds—Construction (JUN 2020) (a) Definitions. As used in this clause— Original contract price means the award price of the contract; or, for…
  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    As prescribed in 32.111(a)(7), insert the following clause: Payments Under Time-and-Materials and Labor-Hour Contracts (NOV 2021) The Government will pay the Contractor as follows upon the submission of vouchers approved by the Contractin…
  • FAR 52.232-32 Performance-Based Payments.
    As prescribed in 32.1005, insert the following clause: Performance-Based Payments (APR 2012) (a) Amount of payments and limitations on payments. Subject to such other limitations and conditions as are specified in this contract and this c…
  • DFARS 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    As prescribed in 232.1005-70(a)(1), use the following clause: PERFORMANCE-BASED PAYMENTS—WHOLE-CONTRACT BASIS (DEC 2022) (a) Performance-based payments shall form the basis for the contract financing payments provided under this contract, …
  • DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis.
    As prescribed in 232.1005-70(a)(2), use the following clause: Performance-Based Payments—Deliverable-Item Basis (DEC 2022) (a) Performance-based payments shall form the basis for the contract financing payments provided under this contrac…
  • FAR 52.228-16 Performance and Payment Bonds—Other Than Construction.
    As prescribed in 28.103-4, insert a clause substantially as follows: Performance and Payment Bonds—Other Than Construction (NOV 2006) (a) Definitions. As used in this clause— Original contract price means the award price of the contract …
  • FAR 28.204-3 Irrevocable letter of credit.
    …LC. (e) If, after the period of performance of a contract where ILCs are used to support payment bonds, there are outstanding claims against the payment bond, the contracting officer shall draw on the ILC prior to the expiration date of th…
  • FAR 31.205-6 Compensation for personal services.
    …lan or practice followed so consistently as to imply, in effect, an agreement to make the payment. (4) No presumption of allowability will exist where the contractor introduces major revisions of existing compensation plans or new plans an…
  • FAR 32.202-4 Security for Government financing.
    … security must be at least equal to the maximum unliquidated amount of contract financing payments to be made to the contractor. The value of security may be adjusted periodically during contract performance, as long as it is always equal t…
  • FAR 32.410 Findings, determination, and authorization.
    (a) Each determination concerning advance payments shall be supported by written findings (see 32.402(c)(1)(iii)). (b) The following is an example of the format and text of findings, determination, and authorization with alternative words,…
  • FAR 32.411 Agreement for special account at a financial institution.
    … must use substantially the following form of agreement for a special account for advance payments: Agreement for Special Account This agreement is entered into this ____ day of ____________, 20____, between the United States of America (…
  • FAR 32.1108 Payment by Governmentwide commercial purchase card.
    …third party (e.g., financial institution) that issued the purchase card to make immediate payment to the contractor. The Government reimburses the third party at a later date for the third party's payment to the contractor. (a) The clause …
  • FAR 49.112-1 Partial payments.
    (a) General. If the contract authorizes partial payments on settlement proposals before settlement, a prime contractor may request them on the form prescribed in 49.602-4 at any time after submission of interim or final settlement proposals…
  • FAR 52.216-7 Allowable Cost and Payment.
    As prescribed in 16.307(a), insert the following clause: Allowable 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 concer…
  • FAR 52.222-41 Service Contract Labor Standards.
    …t combinations of bona fide fringe benefits, or by making equivalent or differential cash payments, only in accordance with subpart D of 29 CFR part 4. (e) Minimum Wage. In the absence of a minimum wage attachment for this contract, neithe…
  • FAR 52.228-14 Irrevocable Letter of Credit.
    …e an ILC in lieu of a bid bond, or to secure other types of bonds such as performance and payment bonds, the letter of credit and letter of confirmation formats in paragraphs (e) and (f) of this clause shall be used. (c) The letter of cred…
  • FAR 52.232-12 Advance Payments.
    As prescribed in 32.412(a), insert the following clause: Advance Payments (MAY 2001) (a) Requirements for payment. Advance payments will be made under this contract (1) upon submission of properly certified invoices or vouchers by the Con…
  • FAR 52.232-16 Progress Payments.
    As prescribed in 32.502-4(a), insert the following 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…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …acting Officer. The proceeds of any transfer or disposition will be applied to reduce any payments to be made by the Government under this contract, credited to the price or cost of the work, or paid in any other manner directed by the Cont…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …acting Officer. The proceeds of any transfer or disposition will be applied to reduce any payments to be made by the Government under this contract, credited to the price or cost of the work, or paid in any other manner directed by the Cont…
  • DFARS 232.072-3 Cash flow forecasts.
    …st important of these assumptions are— (1) Estimated amounts and timing of purchases and payments for materials, parts, components, subassemblies, and services; (2) Estimated amounts and timing of payments of purchase or production of cap…
  • DFARS 237.7204 Format and clauses for educational service agreements.
    … and does not impose any obligation on the Government to request any services or make any payment. 8. Advance payments are authorized by 10 U.S.C. 2396(a)(3). 9. Submit invoices to: ____________ (name and address of activity). Schedule P…
  • DFARS 252.232-7000 Advance payment pool.
    As prescribed in 232.412-70(a), use the following clause: Advance Payment Pool (APR 2020) (a) Notwithstanding any other provision of this contract, advance payments will be made for contract performance in accordance with the Determinatio…
  • FAR 32.406 Letters of credit.
    …prescribes regulations and instructions covering the use of letters of credit for advance payments under contracts. See Treasury Department Circular 1075 (31 CFR part 205), and the implementing instructions in the Treasury Financial Manual,…
  • FAR 32.501-2 Unusual progress payments.
    (a) The contracting officer may provide unusual progress payments only if— (1) The contract necessitates predelivery expenditures that are large in relation to contract price and in relation to the contractor's working capital and credit; …
  • FAR 49.603-8 Fixed-price contracts—settlements with subcontractors only.
    …se properly accounted for. (4) The Contractor shall, within 10 days after receipt of the payment specified in this agreement, pay to each of its immediate subcontractors (or their respective assignees) the amounts to which they are entitle…
  • FAR 52.222-62 Paid Sick Leave Under Executive Order 13706.
    …under this or any other Federal contract with the same Contractor, so much of the accrued payments or advances as may be considered necessary to pay employees the full amount owed to compensate for any violation of the requirements of E.O. …
  • FAR 49.206-2 Bases for settlement proposals.
    … be made to complete the gross settlement proposal. All unliquidated advance and progress payments and all disposal and other credits known when the proposal is submitted must then be deducted. (3) This inventory basis is also appropriate …
  • FAR 52.227-9 Refund of Royalties.
    …act hereunder. (c) The Contractor shall furnish to the Contracting Officer, before final payment under this contract, a statement of royalties paid or required to be paid in connection with performing this contract and subcontracts hereund…
  • FAR 52.241-13 Capital Credits.
    …ation of the Contractor to pay capital credits and which specifies the method and time of payment. (b) The Contractor shall furnish to the Contracting Officer, or the designated representative of the Contracting Officer, in writing, on an …
  • FAR 52.249-5 Termination for Convenience of the Government (Educational and Other Nonprofit Institutions).
    …acting Officer. The proceeds of any transfer or disposition will be applied to reduce any payments to be made by the Government under this contract, credited to the price or cost of the work, or paid in any other manner directed by the Cont…
  • FAR 2.101 Definitions.
    …or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to the contract. Howe…
  • FAR 4.705-1 Financial and cost accounting records.
    …: Retain 4 years. (d) Paid, canceled, and voided checks, other than those issued for the payment of salary and wages: Retain 4 years. (e) Accounts payable records to support disbursements of funds for materials, equipment, supplies, and s…
  • FAR 22.406-6 Payrolls and statements.
    …contractor must submit or cause to be submitted, within 7 calendar days after the regular payment date of the payroll week covered, for the contractor and each subcontractor, (1) copies of weekly payrolls applicable to the contract, and (2)…
  • FAR 28.102-1 General.
    …er 31, subchapter III, Bonds (formerly known as the Miller Act), requires performance and payment bonds for any construction contract exceeding $150,000, except that this requirement may be waived— (1) by the contracting officer for as much…
  • FAR 31.001 Definitions.
    …ethod in use, to current and future years as of a particular valuation date excluding any payment in respect of an unfunded actuarial liability. Original complement of low cost equipment means a group of items acquired for the initial outf…
  • FAR 31.205-35 Relocation costs.
    …ceed 5 percent of the purchase price of the new home. (7) Mortgage interest differential payments, except that these costs are not allowable for existing or newly recruited employees who, before the relocation, were not homeowners and the …

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.