1. Regulations
  2. title 48
  3. chapter 14
  4. part 1432
  5. subpart 1432.5
  6. § 1432.501-2

View all text of Subpart 1432.5 [1432.501 - 1432.502-2]

1432.501-2 - 1432.501-2 Unusual progress payments.

The CO shall obtain the advance approval of the HCA, or designee, before providing a progress payment rate higher than the customary rates as defined in FAR 32.501-1. Advance approval to provide progress payment rates higher than the customary rates shall not be delegated lower than the CCO.

AUTHORITY: Sec. 205(c), 63 Stat. 390, 40 U.S.C. 486(c); and 5 U.S.C. 301.

SOURCE: 75 FR 19829, Apr. 15, 2010, unless otherwise noted.

CITE AS: 48 CFR 1432.501-2