DFARS 232.1001 Policy
Section Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 232.1001
- Type
- Section
- Supplements
- FAR 32.1001 Policy
- Last amended
- 87 FR 76988 Effective Dec 30, 2022
- Text as of
- DFARS 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) As with all contract financing, the purpose of performance-based payments is to assist the contractor in the payment of costs incurred during the performance of the contract. See PGI 232.1001 (a) for additional information on use of performance-based payments. However, in accordance with 10 U.S.C. 3802(a)(2), performance-based payments shall not be conditioned upon costs incurred in contract performance, but on the achievement of performance outcomes. Subject to the criteria in 232.1003-70 , all companies, including nontraditional defense contractors, are eligible for performance-based payments, consistent with best commercial practices.
(d) The contracting officer shall use the following standard payment terms for performance-based payments: The contractor entitlement date, if any, specified in the contract, or 14 days after receipt by the designated billing office of a proper request for payment, whichever is later.
Federal Register history
Sections cited
- PGI 232.1001(a) Policy
- DFARS 232.1003-70 Criteria for use
Quick answers
What is DFARS 232.1001?
DFARS 232.1001 is a section of the Defense Federal Acquisition Regulation Supplement, titled "Policy".
When was DFARS 232.1001 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement: Reorganization of Defense Acquisition Statutes (DFARS Case 2022-D018)" (87 FR 76988), published Dec 16, 2022 and effective Dec 30, 2022.
Are changes to DFARS 232.1001 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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