FAR 32.412 — Contract clause
Regulatory text. Not legal advice.
(a)
(a) The contracting officer shall insert the clause at FAR 52.232-12, Advance Payments, in solicitations and contracts under which the Government will provide advance payments, except as provided in [FAR 32.412].
(b)
(b) If the agency desires to waive the countersignature requirement because of the contractor’s financial strength, good performance record, and favorable experience concerning cost disallowances, the contracting officer shall use the clause with its Alternate I.
(c)
(c) If a cost-reimbursement contract is contemplated, the contracting officer shall use the clause with its Alternate II.
(d)
(d) If the agency considers a more rapid liquidation appropriate, the contracting officer shall use the clause with its Alternate III.
(e)
(e) If the agency provides advance payments under the contract at no interest to the prime contractor, the contracting officer shall use the clause with its Alternate IV.
(f)
(f) If the requirement for a special account is eliminated in accordance with FAR 32.409-3 (e) or (g), the contracting officer shall insert in the solicitation or contract the clause set forth in Alternate V of FAR 52.232-12, Advance Payments, instead of the basic clause.
Citation history: [48 FR 42328, Sept. 19, 1983, as amended at 55 FR 25530, June 21, 1990; 66 FR 2138, Jan. 10, 2001]
Source: eCFR • Pulled 2026-04-16