48 C.F.R. · Federal Acquisition Regulations System
48 C.F.R. § 32.306

Loan guarantees for subcontracts.

Title 48 C.F.R. ● ACTIVE Primary Source
Regulatory Text

48 C.F.R. § 32.306 — Loan guarantees for subcontracts.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Loan guarantees for subcontracts. 32.306 Section 32.306 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Loan Guarantees for Defense Production 32.306 Loan guarantees for subcontracts. If the request for a loan guarantee concerns a subcontractor that is financially weak in comparison with its contractor, the Government's interests may be fostered by the contractor making progress payments to the subcontractor. If so, the agency shall try to arrange for the contractor to provide the progress payments. As a result, the need for the loan guarantee may be reduced or eliminated and the contractor would bear part or all of the risk of loss arising from the selection of the subcontractor.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR48-SEC-292EE7
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48 C.F.R. § 32.306
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