Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 8 - Department of Veterans Affairs |
SubChapter E - General Contracting Requirements |
Part 832 - Contract Financing |
Subpart 832.4 - Advance Payments for Non-Commercial Items |
§ 832.402 - General.
Latest version.
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832.402 General.
Authority, as provided by FAR 32.402(e)(1),(c)
(1)
(iii) The authority to make the determination required by FAR 32.402(c)(1)(iii) and to approve contract terms
SPE and is further delegated to the DSPE. Before award, contracting officers must submit a request for approval to use advance payment to the DSPE. The request mustis delegated to the
musthead of the contracting activity (HCA). The request for approval shall include the information required by FAR 32.409-1 and
shall address the standards for advance payment in FAR 32.402(c)(2). HCAs shall report, no later than December 31st of each calendar year, to the Senior Procurement Executive (SPE) and the DSPE, on number of contracts for non-commercial items with advance payments approved in the previous fiscal year. The report shall include the contract number and amount, the amount of the advance payment, and the kind and amount of security obtained for the advance.
[83 FR 49306, Oct. 1, 2018]