32.000 Scope of part.

This part prescribes policies and procedures for contract financing and other payment matters.  This part addresses-

(a)  Payment methods, including partial payments and progress payments based on percentage or stage of completion;

(b)  Loan guarantees, advance payments, and progress payments based on costs;

(c)  Administration of debts to the Government arising out of contracts;

(d)  Contract funding, including the use of contract clauses limiting costs or funds;

(e)  Assignment of claims to aid in private financing;

(f)  Selected payment clauses;

(g)  Financing of purchases of commercial items;

(h)  Performance-based payments; and

(i)  Electronic funds transfer payments.