Federal Acquisition Regulation; Financing Policies
other · US Department of Defense · Rule · Published 2002-11-22 · Effective 2002-12-23 · 67 FR 70520
Document
Document number
02-29092
Federal Register citation
67 FR 70520
CFR reference
48 CFR 32
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2002-11-22
Effective date
2002-12-23
DOD docket
FAC 2001-10
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 permit the use of performance-based payments type of financing on fixed-price contracts prior to definitization, and to revise the criteria governing when a prime contractor can bill the Government for costs incurred, but not yet paid, for supplies and services purchased directly for the contract and for associated subcontractor financing payment requests.