[Code of Federal Regulations]
[Title 48, Volume 3]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR232.906]

[Page 278]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                    CHAPTER 2--DEPARTMENT OF DEFENSE
 
PART 232--CONTRACT FINANCING--Table of Contents
 
                      Subpart 232.9--Prompt Payment
 
Sec. 232.906  Contract financing payments.

    (a)(i) DoD policy is to make contract financing payments as quickly 
as possible. Generally, the contracting officer shall insert the 
standard due dates of 7 days for progress payments and 14 days for 
interim payments on cost type contracts in paragraph (b)(1) of the 
Prompt Payment clauses at FAR 52.232-25, 52.232-26, and 52.232-27.
    (ii) The contracting officer should coordinate payment terms with 
offices that will be involved in the payment process to ensure that 
terms specified can be met. Where justified, the contracting officer may 
insert a due date greater than but not less than the standard. In 
determining payment terms, consider--
    (A) Geographical separation;
    (B) Workload;
    (C) Contractor ability to submit a proper request; and
    (D) Other factors that could affect timing of payment.

[56 FR 36409, July 31, 1991, as amended at 64 FR 51076, Sept. 21, 1999]