Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 9 - Department of Energy |
SubChapter E - General Contracting Requirements |
Part 932 - Contract Financing |
Subpart 932.1 - Non-Commercial Item Purchase Financing |
§ 932.102 - Description of contract financing methods.
Latest version.
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932.102 Description of contract financing methods.
(e)(2) Progress payments based on a percentage or stage of completion may be authorized by the Head of the Contracting Activity when a determination is made that progress payments based on costs cannot be practically employed and that there are adequate safeguards provided for the administration of progress payments based on a percentage or stage of completion.
[61 FR 41708, Aug. 9, 1996]