FAR Part 32 Contract Financing
Part Federal Acquisition Regulation
Part facts
- Citation
- FAR Part 32
- Type
- Part
- Last amended
- 90 FR 41872 Effective Oct 1, 2025
- 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 part.
Contents
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32.000 Scope of part
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32.001 Definitions
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32.002 Applicability of subparts
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32.003 Simplified acquisition procedures financing
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32.004 Contract performance in foreign countries
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32.005 Consideration for contract financing
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32.006 Reduction or suspension of contract payments upon finding of fraud
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32.007 Contract financing payments
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32.008 Notification of overpayment
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32.009 Providing accelerated payments to small business contractors and to prime contractors that subcontract with a small business concern
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Subpart 32.1 Financing for Other Than a Commercial Purchase
- 32.100 Scope of subpart
- 32.101 Authority
- 32.102 Description of contract financing methods
- 32.103 Progress payments under construction contracts
- 32.104 Providing contract financing
- 32.105 Uses of contract financing
- 32.106 Order of preference
- 32.107 Need for contract financing not a deterrent
- 32.108 Financial consultation
- 32.109 Termination financing
- 32.110 Payment of subcontractors under cost-reimbursement prime contracts
- 32.111 Contract clauses for non-commercial purchases
- 32.112 Nonpayment of subcontractors under contracts other than for commercial products and commercial services
- 32.113 Customary contract financing
- 32.114 Unusual contract financing
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Subpart 32.2 Commercial Product and Commercial Service Purchase Financing
- 32.200 Scope of subpart
- 32.201 Statutory authority
- 32.202 General
- 32.203 Determining contract financing terms
- 32.204 Procedures for contracting officer-specified commercial contract financing
- 32.205 Procedures for offeror-proposed commercial contract financing
- 32.206 Solicitation provisions and contract clauses
- 32.207 Administration and payment of commercial financing payments
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Subpart 32.3 Loan Guarantees for Defense Production
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Subpart 32.4 Advance Payments for Other Than Commercial Acquisitions
- 32.400 Scope of subpart
- 32.401 Statutory authority
- 32.402 General
- 32.403 Applicability
- 32.404 Exclusions
- 32.405 Applying Pub.L.85-804 to advance payments under sealed bid contracts
- 32.406 Letters of credit
- 32.407 Interest
- 32.408 Application for advance payments
- 32.409 Contracting officer action
- 32.410 Findings, determination, and authorization
- 32.411 Agreement for special account at a financial institution
- 32.412 Contract clause
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Subpart 32.5 Progress Payments Based on Costs
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Subpart 32.6 Contract Debts
- 32.600 Scope of subpart
- 32.601 General
- 32.602 Responsibilities
- 32.603 Debt determination
- 32.604 Demand for payment
- 32.605 Final decisions
- 32.606 Debt collection
- 32.607 Installment payments and deferment of collection
- 32.608 Interest
- 32.609 Delays in receipt of notices or demands
- 32.610 Compromising debts
- 32.611 Contract clause
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Subpart 32.7 Contract Funding
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Subpart 32.8 Assignment of Claims
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Subpart 32.9 Prompt Payment
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Subpart 32.10 Performance-Based Payments
- 32.1000 Scope of subpart
- 32.1001 Policy
- 32.1002 Bases for performance-based payments
- 32.1003 Criteria for use
- 32.1004 Procedures
- 32.1005 Solicitation provision and contract clause
- 32.1006 Reserved
- 32.1007 Administration and payment of performance-based payments
- 32.1008 Suspension or reduction of performance-based payments
- 32.1009 Title
- 32.1010 Risk of loss
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Subpart 32.11 Electronic Funds Transfer
- 32.1100 Scope of subpart
- 32.1101 Statutory requirements
- 32.1102 Definitions
- 32.1103 Applicability
- 32.1104 Protection of EFT information
- 32.1105 Assignment of claims
- 32.1106 EFT mechanisms
- 32.1107 Payment information
- 32.1108 Payment by Governmentwide commercial purchase card
- 32.1109 EFT information submitted by offerors
- 32.1110 Solicitation provision and contract clauses
Federal Register history
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Quick answers
What is FAR Part 32?
FAR Part 32 is a part of the Federal Acquisition Regulation, titled "Contract Financing".
When was FAR Part 32 last changed?
The most recent final rule on record is "Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds" (90 FR 41872), published Aug 27, 2025 and effective Oct 1, 2025.
Are changes to FAR Part 32 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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