48 CFR § 232.102 - 232.102 Description of contract financing methods.
---
identifier: "/us/cfr/t48/s232.102"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 232.102 - 232.102 Description of contract financing methods."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "232.102"
section_name: "232.102 Description of contract financing methods."
chapter_number: 2
chapter_name: "DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "232"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1303 and 48 CFR chapter 1."
regulatory_source: "56 FR 36409, July 31, 1991, unless otherwise noted."
cfr_part: "232"
---
# 232.102 232.102 Description of contract financing methods.
(e)(2) Progress payments based on percentage or stage of completion are authorized only for contracts for construction (as defined in FAR 36.102), shipbuilding, and ship conversion, alteration, or repair. However, percentage or state of completion methods of measuring contractor performance may be used for performance-based payments in accordance with FAR Subpart 32.10.