Class Deviation: Customary Progress Payment Rates Based on Costs

As part of the coronavirus national emergency, the Department of Commerce has issued a class deviation for customary progress payment rates based on costs at FAR 32.501-1. The class deviation increases the progress payment rates for large from 80 to 90 percent and for small businesses from 85 to 95 percent.

[pdf-embedder url=”https://staging.pub-k.org/wp-content/uploads/2020/05/Proc-Memo-2020-06-FAR-Class-Deviation-Re-Customary-Progress-Payment-Rates-Final.pdf” title=”Proc Memo 2020-06 FAR Class Deviation Re Customary Progress Payment Rates-Final”]