SpendQueryBeta

48 CFR · Federal Acquisition Regulation and Defense supplement

FAR and DFARS navigator

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.

Ask the FAR

Try: · · ·

Clear

36 sections with “proceeds”

  • FAR 45.604-3 Proceeds from sales of surplus property.
    Proceeds of any sale are to be credited to the Treasury of the United States as miscellaneous receipts, unless otherwise authorized by statute or the contract or any subcontract thereunder authorizes the proceeds to be credited to the price…
  • FAR 52.232-12 Advance Payments.
    …o the extent that— (i) The termination inventory is sold or retained; and (ii) The sale proceeds or retention credits are applied to reduce any outstanding advance payments. (j) Insurance. (1) The Contractor shall maintain with responsib…
  • FAR 52.232-16 Progress Payments.
    …uction under this contract without requesting the Contracting Officer's approval, but the proceeds shall be credited against the costs of performance. (5) To acquire for its own use or dispose of property to which title is vested in the Go…
  • FAR 52.245-1 Government Property.
    …ing current or future need. (6) Unit acquisition cost, or if applicable, estimated sales proceeds, estimated repair or replacement costs. (7) All known interests in commingled material of which includes Government material. (8) Cause and…
  • DFARS 252.245-7005 Management and Reporting of Government Property.
    …ition of scrap, including sales to scrap dealers, so as to minimize costs, maximize sales proceeds, and contain the necessary internal controls for mitigating the improper release of non-scrap property. (ii) The Contractor may commingle Go…
  • FAR 2.101 Definitions.
    …agency that has the requirement for an interagency acquisition. Residual value means the proceeds, less removal and disposal costs, if any, realized upon disposition of a tangible capital asset. It usually is measured by the net proceeds f…
  • FAR 49.603-1 Fixed-price contracts—complete termination.
    …ivered to or stored for the Government, or otherwise properly accounted for, and that all proceeds and retention credits have been used in arriving at this agreement. (2) The Contractor certifies that each immediate subcontractor, whose se…
  • FAR 49.603-2 Fixed-price contracts—partial termination.
    …ivered to or stored for the Government, or otherwise properly accounted for, and that all proceeds and retention credits have been used in arriving at this agreement. (3) The Contractor certifies that each immediate subcontractor, whose se…
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …ivered to or stored for the Government, or otherwise properly accounted for, and that all proceeds and retention credits have been used in arriving at this agreement. (2) The Contractor certifies that each immediate subcontractor, whose se…
  • FAR 52.228-14 Irrevocable Letter of Credit.
    …eans of delivery. 4. This Letter of Credit is transferable. Transfers and assignments of proceeds are to be effected without charge to either the beneficiary or the transferee/assignee of proceeds. Such transfer or assignment shall be only…
  • FAR 52.232-5 Payments Under Fixed-Price Construction Contracts.
    …. (b) Progress payments. The Government shall make progress payments monthly as the work proceeds, or at more frequent intervals as determined by the Contracting Officer, on estimates of work accomplished which meets the standards of quali…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …der the conditions prescribed by, and at prices approved by, the Contracting 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…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …der the conditions prescribed by, and at prices approved by, the Contracting 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…
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    …der the conditions prescribed by, and at prices approved by, the Contracting 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…
  • DFARS 245.604-1 Sales procedures.
    …roach, to include due consideration for costs, risks, and benefits, e.g., potential sales proceeds. (2) Invitation for bid procedures. The plant clearance officer may direct the contractor to issue informal invitations for bid (orally, tel…
  • FAR 31.205-16 Gains and losses on disposition or impairment of depreciable property or other capital assets.
    … asset disposed of is the difference between the net amount realized, including insurance proceeds from involuntary conversions, and its undepreciated balance. (d) The gain recognized for contract costing purposes shall be limited to the d…
  • FAR 31.205-19 Insurance and indemnification.
    …k value of the replaced asset plus or minus adjustments for differences between insurance proceeds and actual replacement cost. If the contractor does not have such a formal written policy, the cost of premiums for insurance coverage in exc…
  • FAR 32.304-5 Assignment of claims under contracts.
    …e jointly, after notice of the assignment, or (2) the right to reduce or set off assigned proceeds under defense production contracts by reason of claims against the borrower arising after notice of assignment and independently of defense p…
  • FAR 32.305 Loan guarantees for terminated contracts.
    …sary to avoid Government losses and to ensure the loans will be self-liquidating from the proceeds of defense production contracts. (c) Loan guarantees for contract termination financing shall not be provided before specific contract termi…
  • FAR 32.407 Interest.
    … interest on advances or downpayments to subcontractors and credit the Government for the proceeds from the interest charges. Interest rates shall be determined as described in paragraphs (a) and (b) above. The contracting officer need not …
  • FAR 32.503-15 Application of Government title terms.
    …cer shall require the contractor to credit the costs of the contract performance with the proceeds of the scrap disposition. (d) When the title to materials or other inventories is vested in the Government under the Progress Payments claus…
  • FAR 45.603 Abandonment or destruction of personal property.
    …vertising, storage and other costs associated with making the sale), exceed the estimated proceeds from its sale. (c) In lieu of abandonment or its authorized destruction, the plant clearance officer or authorized official may authorize th…
  • FAR 45.605 Inventory disposal reports.
    …he property identified on an inventory disposal schedule and the crediting of any related proceeds. The report shall identify any lost or otherwise unaccounted for property and any changes in quantity or value of the property made by the co…
  • FAR 49.204 Deductions.
    …or any part of the termination inventory purchased or retained by the contractor, and the proceeds from any materials sold that have not been paid or credited to the Government; (b) The fair value, as determined by the TCO, of any part of …
  • FAR 49.404 Surety-takeover agreements.
    …ion of the work, unless the delays 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…
  • FAR 49.603-8 Fixed-price contracts—settlements with subcontractors only.
    …ivered to or stored for the Government, or otherwise properly accounted for, and that all proceeds and retention credits were used in arriving at the settlement of the subcontract, and (ii) that the subcontractor has received a similar cert…
  • FAR 50.103-3 Contract adjustment.
    …en discharged; (ii) Final payment under the contracts involved has been made; (iii) Any proceeds from the request will be subject to assignment or other transfer, and to whom; and (iv) The contractor has sought the same, or a similar or …
  • FAR 52.232-32 Performance-Based Payments.
    …l performance-based payments, title shall vest in the Contractor for all property (or the proceeds thereof) not— (i) Delivered to, and accepted by, the Government under this contract; or (ii) Incorporated in supplies delivered to, and acc…
  • FAR 52.232-33 Payment by Electronic Funds Transfer—System for Award Management.
    … Federal Reserve System. (g) EFT and assignment of claims. If the Contractor assigns the proceeds of this contract as provided for in the assignment of claims terms of this contract, the Contractor shall require as a condition of any such …
  • FAR 52.232-34 Payment by Electronic Funds Transfer—Other than System for Award Management.
    … Federal Reserve System. (g) EFT and assignment of claims. If the Contractor assigns the proceeds of this contract as provided for in the assignment of claims terms of this contract, the Contractor shall require as a condition of any such …
  • FAR 52.237-4 Payment by Government to Contractor.
    …__ [fill in amount]. (b) The Government shall make progress payments monthly as the work proceeds, or at more frequent intervals as determined by the Contracting Officer, on estimates approved by the Contracting Officer. Except as provided…
  • FAR 52.246-17 Warranty of Supplies of a Noncomplex Nature.
    …able manner. The Government is entitled to reimbursement from the Contractor, or from the proceeds of such disposal, for the reasonable expenses of the care and disposition of the nonconforming supplies, as well as for excess costs incurred…
  • FAR 52.246-19 Warranty of Systems and Equipment under Performance Specifications or Design Criteria.
    …n which case the Government is entitled to reimbursement from the Contractor, or from the proceeds, for the reasonable expenses of care and disposition, as well as for excess costs incurred or to be incurred; (ii) Obtain applicable data an…
  • FAR 52.249-5 Termination for Convenience of the Government (Educational and Other Nonprofit Institutions).
    …der the conditions prescribed by, and at prices approved by, the Contracting 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…
  • DFARS 232.803 Policies.
    …agree not to reduce or set off any money due or to become due under the contract when the proceeds under the contract have been assigned in accordance with the Assignment of Claims provision of the contract. This determination was published…
  • DFARS 252.239-7007 Cancellation or Termination of Orders.
    …acilities and Equipment clause of this agreement/contract. The Contractor shall apply any proceeds of the sale to reduce any payments by the Government to the Contractor under a cancellation or termination settlement. (3) The Contractor sh…

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.