FAR 32.1003 Criteria for use
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.1003
- Type
- Section
- Last amended
- 72 FR 73219 Effective Jan 25, 2008
- Text as of
- FAC 2026-01
- 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
The contracting officer may use performance-based payments for individual orders and contracts provided-
(a) The contracting officer and offeror agree on the performance-based payment terms;
(b) The contract, individual order, or line item is a fixed-price type;
(c) For indefinite delivery contracts, the individual order does not provide for progress payments; and
(d) For other than indefinite delivery contracts, the contract does not provide for progress payments.
Federal Register history
Quick answers
What is FAR 32.1003?
FAR 32.1003 is a section of the Federal Acquisition Regulation, titled "Criteria for use".
When was FAR 32.1003 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; FAR Case 2005-016, Performance-Based Payments" (72 FR 73219), published Dec 26, 2007 and effective Jan 25, 2008.
Are changes to FAR 32.1003 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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