FAR 32.203 Determining contract financing terms
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.203
- Type
- Section
- 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
When the criteria in 32.202-1(b) are met, the contracting officer may either specify the financing terms in the solicitation (see 32.204) or permit each offeror to propose its own customary financing terms (see 32.205). When the contracting officer has sufficient information on financing terms that are customary in the commercial marketplace for the item, those terms may be specified in the solicitation.
Sections cited
- FAR 32.202-1(b) Policy
- FAR 32.204 Procedures for contracting officer-specified commercial contract financing
- FAR 32.205 Procedures for offeror-proposed commercial contract financing
Quick answers
What is FAR 32.203?
FAR 32.203 is a section of the Federal Acquisition Regulation, titled "Determining contract financing terms".
Are changes to FAR 32.203 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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