{"data":{"id":"us/48-cfr-32.502-2","jurisdiction":"us","citation":"48 CFR 32.502-2","heading":"32.502-2 Contract finance office clearance.","body":"The contracting officer shall obtain the approval of the contract finance office or other offices designated under agency procedures before taking any of the following actions:\n(a) Providing a progress payment rate higher than the customary rate (see 32.501-1).\n(b) Deviating from the progress payments terms prescribed in this part.\n(c) Providing progress payments to a contractor—\n(1) Whose financial condition is in doubt;\n(2) Who has had an advance payment request or loan guarantee denied for financial reasons (or approved but withdrawn or lapsed) within the previous 12 months; or\n(3) Who is named in the consolidated list of contractors indebted to the United States (known commonly as the Hold-up List).","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 32—CONTRACT FINANCING","Subpart 32.5—Progress Payments Based on Costs"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"bf16eb5753cbfe6a0ef177794379cc2bf6a4ecf0e5be3e655bdbedcfa86dc1cd","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-32.502-1","next":"us/48-cfr-32.502-3"},"notice":"GroundRules: Original legal text. Not legal advice."}