DFARS 232.501-3 Contract price
Subsection Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 232.501-3
- Type
- Subsection
- Supplements
- FAR 32.501-3 Contract price
- Last amended
- 70 FR 75412 Published Dec 20, 2005
- 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 subsection.
Text
(b) The contracting officer may approve progress payments when the contract price exceeds the funds obligated under the contract, provided the contract limits the Government’s liability to the lesser of—
(i) The applicable rate (i.e., the lower of the progress payment rate, the liquidation rate, or the loss-ratio adjusted rate); or
(ii) 100 percent of the funds obligated.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Defense Federal Acquisition Regulation Supplement; Contract Financing | Not on record | |
| Defense Federal Acquisition Regulation Supplement; Progress Payments for Foreign Military Sales Contracts | Not on record |
Quick answers
What is DFARS 232.501-3?
DFARS 232.501-3 is a subsection of the Defense Federal Acquisition Regulation Supplement, titled "Contract price".
When was DFARS 232.501-3 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement; Contract Financing" (70 FR 75412), published Dec 20, 2005.
Are changes to DFARS 232.501-3 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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