§242.7503. Contract clause.
48 C.F.R. § 242.7503
Use the clause at 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating—
A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or
A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.
Notes, amendments, and revision history
Amendments
[76 FR 28870, May 18, 2011, as amended at 77 FR 11366, Feb. 24, 2012; 82 FR 61481, Dec. 28, 2017]
Source
Source: 76 FR 28870, May 18, 2011, unless otherwise noted.
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36437, July 31, 1991, unless otherwise noted.
Amendments
[76 FR 28870, May 18, 2011, as amended at 77 FR 11366, Feb. 24, 2012; 82 FR 61481, Dec. 28, 2017]