Study guides, Class notes & Summaries

CLC057 PERFORMANCE BASED PAYMENTS QUESTIONS AND ANSWERS 100% PASS Contract Financing? is covered in FAR Part 32 and is defined as the Government authorized payment of funds to the contractor prior to acceptance of supplies or services by the Government. Contract financing does not include invoice payments, payments for partial acceptance or lease or rental payments. Purpose and Scope of Contract Financing to assist the contractor in paying costs incurred during the performance of t...

Contract Financing? - ️️is covered in FAR Part 32 and is defined as the Government authorized payment of funds to the contractor prior to acceptance of supplies or services by the Government. Contract financing does not include invoice payments, payments for partial acceptance or lease or rental payments. Purpose and Scope of Contract Financing - ️️to assist the contractor in paying costs incurred during the performance of the contract. FAR 32.104(a)(1) states that when contract finan...