Regulations last checked for updates: Jun 02, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 30, 2024
2532.403 - 2532.403 Applicability.

Advance payments may be made in any amount not exceeding the contract price, provided (a) the amount of the advance payment is based upon an analysis of the financing required by the contractor for the contract and does not exceed reasonable financial requirements between payments, and (b) such advance payment is appropriate in order to contract for the required work.

authority: 42 U.S.C. 1870(d)
source: 49 FR 46745, Nov. 28, 1984, unless otherwise noted.
cite as: 48 CFR 2532.403