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    (Showing 121 to 135 of 187 results found.)32.502-4 Contract clauses.32.502-4 Contract clauses., 32.502-4 Contract clauses., (a) (1) Insert the clause at 52.232-16 , Progress Payments, in- (i) Solicitations that may result in contracts providing for progress payments based on costs; and (ii) Fixed-price contracts under which the...FAR
          32.503 Postaward matters.32.503 Postaward matters., 32.503 Postaward matters., This section covers matters that are generally relevant only after award of a contract. This does not preclude taking actions discussed here before award, if appropriate; e.g., preaward review of accounting...FAR
          32.503-1 [Reserved]32.503-1 [Reserved], 32.503-1 [Reserved], Parent topic:, 32.503 Postaward matters.FAR
          32.503-2 Supervision of progress payments.32.503-2 Supervision of progress payments., 32.503-2 Supervision of progress payments., (a) The extent of progress payments supervision, by prepayment review or periodic review, should vary inversely with the contractor’s experience, performance record,...FAR
          32.503-3 Initiation of progress payments and review of accounting system.32.503-3 Initiation of progress payments and review of accounting system., 32.503-3 Initiation of progress payments and review of accounting system., (a) For contractors that the administrative contracting officer (ACO) has found by previous experience or recent...FAR
          32.503-4 Approval of progress payment requests.32.503-4 Approval of progress payment requests., 32.503-4 Approval of progress payment requests., (a) When the reliability of the contractor and the adequacy of the contractor’s accounting system and controls have been established (see 32.503-3 of this section)...FAR
          32.503-5 Administration of progress payments.32.503-5 Administration of progress payments., 32.503-5 Administration of progress payments., (a) While the ACO may , in approving progress payment requests under 32.503-3 of this section, rely on the contractor’s accounting system and certification without...FAR
          32.503-6 Suspension or reduction of payments.32.503-6 Suspension or reduction of payments., 32.503-6 Suspension or reduction of payments., (a) General. The Progress Payments clause provides a Government right to reduce or suspend progress payments, or to increase the liquidation rate, under specified...FAR
          32.503-7 [Reserved]32.503-7 [Reserved], 32.503-7 [Reserved], Parent topic:, 32.503 Postaward matters.FAR
          32.503-8 Liquidation rates-ordinary method.32.503-8 Liquidation rates-ordinary method., 32.503-8 Liquidation rates-ordinary method., The Government recoups progress payments through the deduction of liquidations from payments that would otherwise be due to the contractor for completed contract items. To...FAR
          32.503-9 Liquidation rates-alternate method.32.503-9 Liquidation rates-alternate method., 32.503-9 Liquidation rates-alternate method., (a) The liquidation rate determined under 32.503-8 shall apply throughout the period of contract performance unless the contracting officer adjusts the liquidation rate...FAR
          32.503-10 Establishing alternate liquidation rates.32.503-10 Establishing alternate liquidation rates., 32.503-10 Establishing alternate liquidation rates., (a) The contracting officer must ensure that the liquidation rate is- (1) High enough to result in Government recoupment of the applicable progress payments...FAR
          32.503-11 Adjustments for price reduction.32.503-11 Adjustments for price reduction., 32.503-11 Adjustments for price reduction., (a) If a retroactive downward price reduction occurs under a redeterminable contract that provides for progress payments, the contracting officer shall - (1) Determine the...FAR
          32.503-12 Maximum unliquidated amount.32.503-12 Maximum unliquidated amount., 32.503-12 Maximum unliquidated amount., (a) The contracting officer shall ensure that any excess of the unliquidated progress payments over the contractual limitation in paragraph (a) of the Progress Payments clause in the...FAR
          32.503-13 [Reserved]32.503-13 [Reserved], 32.503-13 [Reserved], Parent topic:, 32.503 Postaward matters.FAR

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