§ 1432.102 - Description of contract financing methods.

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1432.102 Description of contract financing methods.

Use of progress payments based on a percentage or stage of completion are authorized for construction contracts. Progress payments for other than construction, alteration, and repair contracts require the CO to write a determination that:

(a) Payments based on costs would be impracticable; and

(b) Adequate measures exist for determining quality standards and the percentage of work accomplished.

                    
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§ 1432.102 - Description of contract financing methods.

1432.102 Description of contract financing methods.