Title 48 Part 2832
Title 48 → Chapter 28 → Subchapter E → Part 2832
Electronic Code of Federal Regulations e-CFR
Title 48 Part 2832
PART 2832—CONTRACT FINANCING
Authority: 28 U.S.C. 510; 40 U.S.C. 486(c); 28 CFR 0.75(j) and 28 CFR 0.76(j).
Source: 63 FR 16132, Apr. 2, 1998, unless otherwise noted.
Subpart 2832.1—Non-Commercial Item Purchase Financing
2832.114 Unusual contract financing.
The HCA, or designee at a level not lower than the BPC, is the official authorized to approve unusual contract financing as set forth in FAR 31.114.
Subpart 2832.4—Advance Payments for Non-Commercial Items
(a) The authority to sign written determinations and findings with respect to making advance payments is vested in the HCA.
(b) Prior to awarding a contract which contains provisions for making advanced payments, the contract terms and conditions concerning advance payments must be approved at a level above the contracting officer, with advice and consent of the bureau's legal counsel.
(c) The contracting officer shall coordinate with the activity that is to provide contract financing for advance payments, the bureau's disbursing or finance office, or the Treasury Department, as appropriate, to ensure that all FAR and departmental requirements are met.
In cases where advance payments may be made on an interest free basis (FAR 32.407(d)), the intent to make such interest free advance payments, and the circumstance permitting interest free advance payments, shall be set forth in the original determination and findings and be approved in accordance with 2832.402.
Subpart 2832.9—Prompt Payment
The HCA is responsible for promulgating policies and procedures to implement FAR 32.9 and to ensure that, when specifying due dates, full consideration will be given to the time reasonably required by Government officials to fulfill their administrative responsibilities under the contract.
Subpart 2832.11—Electronic Funds Transfer
2832.1110 Solicitation provision and contract clauses.
When the clause at FAR 52.232-34, Payment by Electronic Funds Transfer-Other than Central Contractor Registration, is required the contracting officer may insert in paragraph (b)(1) of the clause a particular time after award, such as a fixed number of days, or an event such as the submission of the first request for payment, to establish the point at which contractors' EFT information must be provided.
[64 FR 37045, July 9, 1999]