# Federal Acquisition Regulation; Progress Payments and Related Financing Policies
> **US Department of Defense** · Final rule. · Published 2000-03-27 · Effective 2000-03-27 · 65 FR 16276
## Document
- **Document number:** 00-7309
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 65 FR 16276
- **CFR reference:** 48 CFR 32
- **Publication date:** 2000-03-27
- **Effective date:** 2000-03-27
- **DOD docket:** FAC 97-16
## Abstract

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on a final rule amending the Federal Acquisition Regulation (FAR) to reduce the burdens imposed on contractors and contracting officers by the progress payment type of financing; to permit the use of performance-based payments in contracts for research and development, and contracts awarded through competitive negotiation procedures; to expand the use of subcontractor performance-based and commercial financing payments; and to simplify and clarify related provisions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/03/27/00-7309/federal-acquisition-regulation-progress-payments-and-related-financing-policies)
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