FAR Part 32 - Contract Financing Exam Practice Latest 2026
Updated Questions and Verified 100% Solutions (2026/2027)
Grade: A+|Status: Guaranteed Pass
What is the customary progress payment rate for a large business concern?
a. 15%
b. 50%
c. 25%
d. 80% - Answers -d. 80%
A contractor may assign monies due or to become due under a government order/contract only
when the contract value totals _________ or more.
a. $25,000
b. $100
c. $1,000
d. $500 - Answers -c. $1,000
Payment from the government will be based on receipt of a proper invoice and ____________.
a. Interest
b. Payment due dates
c. Delivery criteria
d. Satisfactory contract performance - Answers -d. Satisfactory contract performance
1|Page
, Which of the below is the correct order of preference under FAR Part 32: Contract Financing?
a. Customary contract financing, unusual contract financing, loan guarantees, advance
payments, private financing without government guarantee.
b. Private financing without government guarantee, loan guarantees, customary contract
financing, advance payments, unusual contract financing.
c. Private financing without government guarantee, customary contract financing, loan
guarantees, unusual contract financing, advance payments.
d. Advance payments, loan guarantees, private financing without government guarantee,
customary contract financing, unusual contract financing. - Answers -c. Private financing
without government guarantee, customary contract financing, loan guarantees, unusual
contract financing, advance payments.
What is the customary progress payment percentage rate for small business concerns?
a. 10%
b. 15%
c. 85%
d. 50% - Answers -c. 85%
Payment by the government is made on the _______ day after the designated billing office
receives a proper invoice.
a. 30th
2|Page
Updated Questions and Verified 100% Solutions (2026/2027)
Grade: A+|Status: Guaranteed Pass
What is the customary progress payment rate for a large business concern?
a. 15%
b. 50%
c. 25%
d. 80% - Answers -d. 80%
A contractor may assign monies due or to become due under a government order/contract only
when the contract value totals _________ or more.
a. $25,000
b. $100
c. $1,000
d. $500 - Answers -c. $1,000
Payment from the government will be based on receipt of a proper invoice and ____________.
a. Interest
b. Payment due dates
c. Delivery criteria
d. Satisfactory contract performance - Answers -d. Satisfactory contract performance
1|Page
, Which of the below is the correct order of preference under FAR Part 32: Contract Financing?
a. Customary contract financing, unusual contract financing, loan guarantees, advance
payments, private financing without government guarantee.
b. Private financing without government guarantee, loan guarantees, customary contract
financing, advance payments, unusual contract financing.
c. Private financing without government guarantee, customary contract financing, loan
guarantees, unusual contract financing, advance payments.
d. Advance payments, loan guarantees, private financing without government guarantee,
customary contract financing, unusual contract financing. - Answers -c. Private financing
without government guarantee, customary contract financing, loan guarantees, unusual
contract financing, advance payments.
What is the customary progress payment percentage rate for small business concerns?
a. 10%
b. 15%
c. 85%
d. 50% - Answers -c. 85%
Payment by the government is made on the _______ day after the designated billing office
receives a proper invoice.
a. 30th
2|Page
