Progress payments: a. New Issuance . Payments Under Fixed- Price Construction FAR 52.232-5 (a) Payment of price. 32.103 Progress payments under construction contracts. 232.501-1 Customary progress payment rates. The parties agree that progress payments under the clause at FAR 52.232-16, Progress Payments, will be administered at the CLIN level.Accordingly, the word "contract" in that clause is understood to mean "contract line item (CLIN)." Responsibility Product Acceptance and Proper Payments . Given a Government contract and/or modifications with interim financing through progress payments based on cost, correctly apply progress payment requirements as needed. Customary progress payments are those made under the general guidance in this subpart, using the customary progress payment rate, the cost base, and frequency of payment established in the Progress Payments clause, and either the ordinary liquidation method or the alternate method as provided in subsections 32.503-8 and 32.503-9. Reports of loss under FAR 52.245-1 are submitted to the property administrator. When satisfactory progress has not been achieved by a contractor during any period for which a progress payment is to be made, a percentage of the progress payment may be retained. Determine contractor and contract eligibility. Neither FAR Part 45 nor the risk of loss provision of FAR 52.245-1 apply to property to which the Government has acquired a lien or title solely because of partial, advance, progress, or performance-based payments. SECTION G - CONTRACT ADMINISTRATION/PAYMENT DATA Agreement of the Parties Regarding Progress Payments. Payments _____ Office of Primary . Performance Based Payments Guide 4 . The designated payment office will make progress payments on the _____ [Contracting Officer insert date as prescribed by agency head; if not prescribed, insert “30th”] day after the designated billing office receives a proper progress payment request. It only applies to fixed‐price contracts that provide for progress payments.Though it uses a formula approach, it is not intended to be an exact calculation of the cost of working capital. The Government shall make progress payments monthly as the work proceeds, or at more frequent intervals as determined by the Contracting Officer, on estimates of However, a contract or individual order can be modified to change the contract financing method from progress payments to PBPs but both types cannot be used at the same time. CLC 011 1. Releasability: Cleared for public release . The Government shall pay the Contractor the contract price as provided in this contract. 232.501-2 Unusual progress payments. Implements: DCMA-INST 2101, “Product Acceptance and Proper Payment” Incorporates and cancels: DCMA-INST 102, “Progress Payments Based on Costs,” (b) Progress payments. progress payments for one line item and PBPs for another. For large businesses (only), cannot exceed 50% of the costs incurred at a specified point during contract performance b. (a) The customary progress payment rates for DoD contracts, including contracts that contain foreign military sales (FMS) requirements, are 80 percent for large business concerns and 90 percent for small business concerns. (b) Progress payments. a) (1) Insert the clause at 52.232-16, Progress Payments, in- (i) Solicitations that may result in contracts providing for progress payments based on costs; and (ii) Fixed-price contracts under which the Government will provide progress payments based on costs. The Government shall make progress payments monthly as the work proceeds, or at more frequent intervals as determined by the Contracting Officer, on estimates of work accomplished which meets the standards of quality established under the contract, as approved by the Contracting Officer. Effective: February 14, 2019 .
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