---
kind: "section"
citation: "48 C.F.R. § 32.502-2"
title: "48"
number: "32.502-2"
heading: "Contract finance office clearance."
url: "https://uscodex.org/cfr/48/32.502-2"
---

# §32.502-2. Contract finance office clearance.


The contracting officer shall obtain the approval of the contract finance office or other offices designated under agency procedures before taking any of the following actions:

- (a) Providing a progress payment rate higher than the customary rate (see 32.501-1).
- (b) **Deviating from the progress payments terms prescribed in this part.**
- (c) **Providing progress payments to a contractor—**
  - (1) Whose financial condition is in doubt;
  - (2) Who has had an advance payment request or loan guarantee denied for financial reasons (or approved but withdrawn or lapsed) within the previous 12 months; or
  - (3) Who is named in the consolidated list of contractors indebted to the United States (known commonly as the Hold-up List).

## Notes

### Authority

Authority: 41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

### Source

Source: 48 FR 42328, Sept. 19, 1983, unless otherwise noted.