5 May 2025
💼Information Collection Requirements for Progress Payments in Military Sales
Information Collection Requirement; DFARS Part 232, Contract Financing, and the Clause at 252.232-7002, Progress Payments for Foreign Military Sales Acquisition
Summary
The Defense Acquisition Regulations System has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.
Agencies
- Defense Department
- Defense Acquisition Regulations System
Business Impact
$$ - Med
The notice pertains to the collection of information necessary for compliance with DFARS regarding progress payments in Foreign Military Sales. Businesses involved in military contracting must adhere to these regulations to retain benefits. This imposes regulatory obligations that can affect financial operations.