[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]