Defense Federal Acquisition Regulation Supplement; Customary Progress Payment Rate for Large Business Concerns
dfars-acquisition · Defense Federal Acquisition Regulations System · Rule · Published 2001-10-01 · 66 FR 49864
Document
Document number
01-24390
Federal Register citation
66 FR 49864
CFR reference
48 CFR 232
Type
Rule
Action
Final rule.
Category
dfars-acquisition
Sub-agency
Defense Federal Acquisition Regulations System
Publication date
2001-10-01
DOD docket
DFARS Case 2001-D012
Abstract
DoD is amending the Defense Federal Acquisition Regulation Supplement (DFARS) to increase the customary uniform progress payment rate for large business concerns from 75 percent to 80 percent. The progress payment rate change is applicable only to contract awards made on or after October 1, 2001. Contracts awarded before October 1, 2001, will not be modified to include the 80 percent rate.