![]() ![]() (ii) The advance payments will not exceed the unpaid contract price (see 32.410(b), paragraph (a)(2)) and (i) The contractor gives adequate security (c) If statutory requirements and standards for advance payment determinations are met, the contracting officer shall generally recommend that the agency authorize advance payments. Loans and credit at excessive interest rates or other exorbitant charges, or loans from other Government agencies, are not considered reasonably available financing. Except for the contracts described in 32.403(a) and (b), advance payment is the least preferred method of contract financing (see 32.106) and generally they should not be authorized if other types of financing are reasonably available to the contractor in adequate amounts. (b) Advance payments may be provided on any type of contract however, the agency shall authorize advance payments sparingly.
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