FAR 32.113 Customary contract financing
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.113
- Type
- Section
- Last amended
- 66 FR 2117 Effective Mar 12, 2001
- 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 solicitation must specify the customary contract financing offerors may propose. The following are customary contract financing when provided in accordance with this part and agency regulations:
(a) Financing of shipbuilding, or ship conversion, alteration, or repair, when agency regulations provide for progress payments based on a percentage or stage of completion.
(b) Financing of construction or architect-engineer services purchased under the authority of part 36.
(c) Financing of contracts for supplies or services awarded under the sealed bid method of procurement in accordance with part 14 through progress payments based on costs in accordance with subpart 32.5.
(d) Financing of contracts for supplies or services awarded under the competitive negotiation method of procurement in accordance with part 15, through either progress payments based on costs in accordance with subpart 32.5, or performance-based payments in accordance with subpart 32.10 (but not both).
(e) Financing of contracts for supplies or services awarded under a sole-source acquisition as defined in 2.101 and using the procedures of part 15, through either progress payments based on costs in accordance with subpart 32.5, or performance-based payments in accordance with subpart 32.10 (but not both).
(f) Financing of contracts for supplies or services through advance payments in accordance with subpart 32.4.
(g) Financing of contracts for supplies or services through guaranteed loans in accordance with subpart 32.3.
(h) Financing of contracts for supplies or services through any appropriate combination of advance payments, guaranteed loans, and either performance-based payments or progress payments (but not both) in accordance with their respective subparts.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definitions | ||
| Federal Acquisition Regulation; Progress Payments and Related Financing Policies |
Sections cited
- FAR Part 36 Construction and Architect-Engineer Contracts
- FAR Part 14 Sealed Bidding
- FAR Subpart 32.5 Progress Payments Based on Costs
- FAR Part 15 Contracting by Negotiation
- FAR Subpart 32.10 Performance-Based Payments
- FAR 2.101 Definitions
- FAR Subpart 32.4 Advance Payments for Other Than Commercial Acquisitions
- FAR Subpart 32.3 Loan Guarantees for Defense Production
Quick answers
What is FAR 32.113?
FAR 32.113 is a section of the Federal Acquisition Regulation, titled "Customary contract financing".
When was FAR 32.113 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definitions" (66 FR 2117), published Jan 10, 2001 and effective Mar 12, 2001.
Are changes to FAR 32.113 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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