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GSAM

GSAM

Change Number: Change 199 GSAR Case 2024-G502
Effective Date: 05/26/2025

532.503-5 Administration of progress payments.

532.503-5 Administration of progress payments.

The contracting officer shall ensure that the contract finance office provides to the contracting office:

(a)  The date and amount of each progress payment to a contractor; and

(b)  Written recommendations if findings warrant action by the Government.