FAR 52.232-12 - Advance Payments
From Knowledge base
Prescribed in 32.412(a) | |
Effective Date: | |
Clause or Provision: | Clause |
Provision or Clause Number: | 52.232-12 - Advance Payments |
Principle Type And/Or Purpose of Contract: | |
Required: | |
Applicable: | Fixed Price Supply; Cost Reimbursement Supply; Fixed Price Research and Development; Cost Reimbursement Research and Development; Fixed Price Service; Cost Reimbursement Service; Fixed Price Construction; Cost Reimbursement Construction; Time and Materials/Labor Hour; Leasing of Motor Vehicles; Communication Services; Dismantling, Demolition, or Removal of Improvements; Architect-Engineering; Facilities; Indefinite Delivery; Transportation; Simplified Acquisition Procedures; Utility Services; |
Optional: | |
Subject: | |
ProcurementType: | |
Contract Threshold: | |
Prescription Overview: | |
Clause Overview: |
This clause requires funds to be placed in interest-bearing account, among other special conditions, requirements and risks, such as liens. |
Important Notes/Requirements: | |
Subcontract Threshold: | |
Incorporated by Reference: | No |
Uniform Contract Format: | I |
Editor: |
Personal notes.