Jan 17, 2025 · Progress Payments (Nov 2021) The Government will make progress payments to the Contractor when requested as work progresses, but not more frequently than monthly, in amounts of $2,500 or more approved by the Contracting Officer, under the following conditions: (a) Computation of amounts.

The Progress Payments clause provides a Government right to reduce or suspend progress payments, or to increase the liquidation rate, under specified conditions. These conditions and actions are discussed in paragraphs (b) through (g) of this subsection.

Jan 17, 2025 · progress payments for foreign military sales acquisitions (may 2023) If this contract includes foreign military sales (FMS) requirements, the Contractor shall— (a) Submit a separate progress payment requests for the FMS and U.S. line items in the contract;

Jan 17, 2025 · 32.103 Progress payments under construction contracts. When satisfactory progress has not been achieved by a contractor during any period for which a progress payment is to be made, a percentage of the progress payment may be retained.

The contractor must submit separate progress payment requests and subsequent invoices for the severable portions of work in order to maintain accounting integrity.

(a) Subcontracts may include either performance-based payments, provided they meet the criteria in 32.1003, or progress payments, provided they meet the criteria in subpart 32.5 for customary progress payments, but not both.

Progress Payments (Nov 2021) The Government will make progress payments to the Contractor when requested as work progresses, but not more frequently than monthly, in amounts of $2,500 or more approved by the Contracting Officer, under the following conditions: (a) Computation of …

Jan 17, 2025 · (1) The unliquidated progress payments are fairly supported by the value of the work accomplished on the undelivered portion of the contract; (2) The applicable limitation on progress payments in the Progress Payments clause has been exceeded;

Jan 17, 2025 · (a) The customary progress payment rates for DoD contracts, including contracts that contain foreign military sales (FMS) requirements, are 80 percent for large business concerns and 90 percent for small business concerns.

Jan 17, 2025 · NOTICE OF PROGRESS PAYMENTS OR PERFORMANCE-BASED PAYMENTS (APR 2020) (a) The need for customary progress payments in accordance with subpart 32.5 of the Federal Acquisition Regulation (FAR) or performance-based payments in accordance with FAR subpart 32.10 will not be considered as a handicap or adverse factor in the award of the …