§1432.102. Description of contract financing methods.
48 C.F.R. § 1432.102
Use of progress payments based on a percentage or stage of completion are authorized for construction contracts. Progress payments for other than construction, alteration, and repair contracts require the CO to write a determination that:
Payments based on costs would be impracticable; and
Adequate measures exist for determining quality standards and the percentage of work accomplished.
Notes, amendments, and revision history
Authority
Authority: Sec. 205(c), 63 Stat. 390, 40 U.S.C. 486(c); and 5 U.S.C. 301.
Source
Source: 75 FR 19829, Apr. 15, 2010, unless otherwise noted.