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 3532 - CONTRACT FINANCING |
Subpart 3532.4 - Advance Payments |
§ 3532.402 - General.
Latest version.
-
(e)(1) The Procurement Executive is responsible for approving findings and determinations supporting the use of advance payments and approving contract terms concerning advance payments. These approvals must have the concurrence of the General Counsel.
(2) The contracting officer shall coordinate proposed advance payment authorizations with the Accounting Division.