FAR 32.207 Administration and payment of commercial financing payments
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.207
- 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
(a) Responsibility. The contracting officer responsible for administration of the contract shall be responsible for review and approval of contract financing requests.
(b) Approval of financing requests. Unless otherwise provided in agency regulations, or by agreement with the appropriate payment official-
(1) The contracting officer shall be responsible for receiving, approving, and transmitting all contract financing requests to the appropriate payment office; and
(2) Each approval shall specify the amount to be paid, necessary contractual information, and the account(s) (see 32.206(d)) to be charged for the payment.
(c) Management of security. After contract award, the contracting officer responsible for approving requests for financing payments shall be responsible for determining that the security continues to be adequate. If the contractor’s financial condition is the Government’s security, this contracting officer is also responsible for monitoring the contractor’s financial condition.
Sections cited
- FAR 32.206(d) Solicitation provisions and contract clauses
Quick answers
What is FAR 32.207?
FAR 32.207 is a section of the Federal Acquisition Regulation, titled "Administration and payment of commercial financing payments".
Are changes to FAR 32.207 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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