Customary contract financing.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Customary contract financing. 32.113 Section 32.113 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Financing for Other Than a Commercial Purchase 32.113 Customary contract financing. 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. [65 FR 16279, Mar. 27, 2000, as amended at 66 FR 2132, Jan. 10, 2001]