GroundRules
48 CFR 32.1102: 32.1102 Definitions.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 1—FEDERAL ACQUISITION REGULATION
- SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS
- PART 32—CONTRACT FINANCING
- Subpart 32.11—Electronic Funds Transfer
As used in this subpart—
Electron Funds Transfer information (EFT) means information necessary for making a payment by EFT through specified EFT mechanisms.
Governmentwide commercial purchase card means a card that is similar in nature to a commercial credit card that is used to make financing and delivery payments for supplies and services. The purchase card is an EFT method and it may be used as a means to meet the requirement to pay by EFT, to the extent that purchase card limits do not preclude such payments.
Payment information means the payment advice provided by the Government to the contractor that identifies what the payment is for, any computations or adjustments made by the Government, and any information required by the Prompt Payment Act.
Collected 2026-08-27T02:26:29Z. Source file · JSON