Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 29—Department of Labor |
SubChapter E—General Contracting Requirements |
Part 2932 - Contract Financing |
Subpart 2932.5 - Progress Payments Based on Costs |
§ 2932.503-6 - Suspension or reduction of payments.
Latest version.
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2932.503-6 Suspension or reduction of payments.
Any action of a contracting officer under FAR 32.503-6 requires approval in advance from the HCA. Upon receipt of approval from the HCA, the contracting officer shall request the contract finance office to suspend or reduce payments.