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Contract Financing

Contract is a form of payment; or rather it is an unauthorized government distribution of funding to a contractor before accepting supply of goods or services offered by the government. Contract financing excludes debit payments, payments for incomplete acceptance or charter or rental payments. This is because payments of invoices on cost style contracts do not qualify as contract financing. Therefore, contract financing primarily applies to fixed price contracts. The primary intention of contract financing is to help the contractor in handling costs incurred during the performance of the contract (DOD, 2012).

In addition, provision of this financing covers the amount needed for quick and efficient performance of the contract. The order of preference for contract financing suggests that for every government financing provided the contractor should not acquire...
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