32.503-16  Risk of loss.

4.  Amend section 32.503-16 by revising the first sentence of paragraph (a) to read as follows:

32.503-16  Risk of loss.

(a)  Under the Progress Payments clause, and except for normal spoilage, the contractor bears the risk of loss for Government property under the clause, even though title is vested in the Government, unless the Government has expressly assumed this risk. * * *

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