FAR 32.501 General
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.501
- 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
Progress payments may be customary or unusual. Customary progress payments are those made under the general guidance in this subpart, using the customary progress payment rate, the cost base, and frequency of payment established in the Progress Payments clause, and either the ordinary liquidation method or the alternate method as provided in subsections 32.503-8 and 32.503-9. Any other progress payments are considered unusual, and may be used only in exceptional cases when authorized in accordance with subsection 32.501-2.
Contents
Sections cited
- FAR 32.503-8 Liquidation rates-ordinary method
- FAR 32.503-9 Liquidation rates-alternate method
- FAR 32.501-2 Unusual progress payments
Quick answers
What is FAR 32.501?
FAR 32.501 is a section of the Federal Acquisition Regulation, titled "General".
Are changes to FAR 32.501 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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