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                            32.603 Debt determination.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart32.032.132.232.332.432.532.632.732.832.932.1032.11
Section32.60032.60132.60232.60332.60432.60532.60632.60732.60832.60932.61032.611
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32.603 Debt determination.32.603 Debt determination.       (a) 						            If the contracting officer has any indication that a contractor owes money to the Government under a contract, the contracting officer shall determine promptly whether an actual debt is due and the amount. Any unnecessary delay may contribute to-                                                         (1) 								                Loss of timely availability of the funds to the program for which the funds were initially provided;                                                            (2) 								                Increased difficulty in collecting the debt; or                                                            (3) 								                Actual monetary loss to the Government.                                                                             (b) 						            The amount of indebtedness determined by the contracting officer shall be an amount that-                                                         (1) 								                Is based on the merits of the case; and                                                            (2) 								                Is consistent with the contract terms.    **Parent topic:**  Subpart 32.6 - Contract Debts
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