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                            32.412 Contract clause.
        
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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
Section32.40032.40132.40232.40332.40432.40532.40632.40732.40832.40932.41032.41132.412
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32.412 Contract clause.32.412 Contract clause.       (a) 						            The contracting officer	shall insert the clause at  52.232-12, Advance Payments, in solicitations and contracts	under which the Government will provide advance payments, except as provided	in  32.412(b).                                          (b) 						            If the agency desires to waive the countersignature requirement because of the contractor’s financial strength, good performance record, and favorable experience concerning cost disallowances, the contracting officer shall use the clause with its Alternate I.                                          (c) 						            If a cost-reimbursement contract is contemplated, the contracting officer shall use the clause with its AlternateII.                                          (d) 						            If the agency considers a more rapid liquidation appropriate, the contracting officer shall use the clause with its AlternateIII.                                          (e) 						            If the agency provides advance payments under the contract at no interest to the prime contractor, the contracting officer shall use the clause with its AlternateIV.                                          (f) 						            If the requirement for a special account is eliminated in accordance with  32.409-3(e) or (g), the contracting officer shall insert in the solicitation or contract the clause set forth in Alternate V of  52.232-12, Advance Payments, instead of the basic clause.    **Parent topic:**  Subpart 32.4 - Advance Payments for Other Than Commercial Acquisitions
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