PGI 232.1001 Policy
Section DFARS Procedures, Guidance, and Information
Facts
- Citation
- PGI 232.1001
- Type
- Section
- Supplements
- FAR 32.1001 Policy
- Text as of
- DFARS PGI Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) Contracting officer action. Performance-based payments are not practical for use on all fixed-price contracts and require considerable effort between the contractor and Government to identify the appropriate performance-based payment events and establish the proper completion criteria for those events. Additionally, FAR 32.1003 prohibits contracts from having both progress payments and performance-based payment financing on a contract at the same time. Additional information and instruction on performance-based payments are provided in the DoD Performance-based Payments Guide on the Defense Pricing, Contracting, and Acquisition Policy (Price, Cost and Finance) website under Pricing Topics, Performance Based Payment. Seehttps://www.acq.osd.mil/asda/dpc/pcf/docs/resources-training/Performance_Based_Payment_(PBP)_Guide.pdf.
Quick answers
What is PGI 232.1001?
PGI 232.1001 is a section of the DFARS Procedures, Guidance, and Information, titled "Policy".
Are changes to PGI 232.1001 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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