CFCM Study Guide - Part 32 Contract Financing Questions With Complete Solutions

FAR Part 32 prescribes policies and procedures for correct answer: contract financing and other payment matters, including -payment methods, partial, progress pmts based on % or stage of completion -loan guarantees, advance pmts, progress pmts based on costs -administration of debts to govt arising out of contracts -contract funding -assignment of claims to aid in private financing -selected payment claues -financing of purchases of commercial items -performance based payments -EFT payments Government financing is to be provided correct answer: only to the extent actually needed for prompt and efficient performance, considering avail of private financing Contract financing is intended to be correct answer: self-liquidating through contract performance Agencies may finance contractor working capital but not correct answer: expansion of contractor-owned facilities or