32.000 Scope of part.

This part prescribes policies and procedures for contract financing and other payment matters. This part addresses-

      (a) Payment methods, including partial payments and progress payments based on percentage or stage of completion;

      (b) Loan guarantees, advance payments, and progress payments based on costs;

      (c) Administration of debts to the Government arising out of contracts;

      (d) Contract funding, including the use of contract clauses limiting costs or funds;

      (e) Assignment of claims to aid in private financing;

      (f) Selected payment clauses;

      (g) Financing of purchases of commercial items;

      (h) Performance-based payments; and

      (i) Electronic funds transfer payments.