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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 5 - General Services Administration |
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SubChapter E - General Contracting Requirements |
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Part 532 - Contract Financing |
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Subpart 532.5 - Progress Payments Based on Costs |
§ 532.503-6 - Suspension or reduction of payments.
Latest version.
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Action recommended by the contracting officer under FAR 32.503-6 must be approved by the HCA after coordination with the assigned legal counsel. Upon approval, the contracting officer will request the contract finance office to suspend or reduce payments.