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Electronic Code of Federal Regulations
48 CFR--PART 32
View Printed Federal Register page 77 FR 12941 in PDF format.
Amendment(s) published March 2, 2012, in 77 FR 12941
Effective Dates: April 2, 2012
4. Amend section 32.503-16 by revising the first sentence of paragraph (a) to read as follows:
32.503-16 Risk of loss.
(a) Under the Progress Payments clause, and except for normal spoilage, the contractor bears the risk of loss for Government property under the clause, even though title is vested in the Government, unless the Government has expressly assumed this risk. * * *
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