3200. PROVIDING CONTRACT FINANCING

3200 PROVIDING CONTRACT FINANCING 3200.1 Generally, private financing shall be considered the most preferable type of financing for all District contracts. 3200.2 Contract financing by the District shall be provided only to the extent actually needed for prompt and efficient performance considering the availability of private financing. 3200.3 Contract financing shall be administered so as to aid, not impede, a procurement. 3200.4 The contracting officer shall avoid any undue risk of monetary loss to the District through contract financing. 3200.5 The contracting officer shall monitor the contractor's financial status and the contractor's use of any contract financing provided under the contract. 3200.6 Contract financing by the District shall be self-liquidating through contract performance. AUTHORITY: Unless otherwise noted, the authority for this chapter is the District of Columbia Procurement Practices Act of 1985, D.C. Law 6-85, as amended, D.C. Code §1-1181.1 et seq. (1981). SOURCE: Final Rulemaking published at 35 DCR 1625 (February 26, 1988).