§932.102. Description of contract financing methods.
48 C.F.R. § 932.102
Progress payments based on a percentage or stage of completion may be authorized by the Head of the Contracting Activity when a determination is made that progress payments based on costs cannot be practically employed and that there are adequate safeguards provided for the administration of progress payments based on a percentage or stage of completion.
Notes, amendments, and revision history
Amendments
[61 FR 41708, Aug. 9, 1996]
Authority
Authority: 42 U.S.C. 7101 et seq. and 50 U.S.C. 2401 et seq.
Source
Source: 49 FR 12011, Mar. 28, 1984, unless otherwise noted.
Amendments
[61 FR 41708, Aug. 9, 1996]