48 CFR § 2532.403 - 2532.403 Applicability.

---
identifier: "/us/cfr/t48/s2532.403"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 2532.403 - 2532.403   Applicability."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "2532.403"
section_name: "2532.403   Applicability."
chapter_number: 25
chapter_name: "NATIONAL SCIENCE FOUNDATION"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "2532"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1870(d)."
regulatory_source: "49 FR 46745, Nov. 28, 1984, unless otherwise noted."
cfr_part: "2532"
---


# 2532.403 2532.403   Applicability.

Advance payments may be made in any amount not exceeding the contract price, provided (a) the amount of the advance payment is based upon an analysis of the financing required by the contractor for the contract and does not exceed reasonable financial requirements between payments, and (b) such advance payment is appropriate in order to contract for the required work.