---
kind: "section"
citation: "48 C.F.R. § 242.7503"
title: "48"
number: "242.7503"
heading: "Contract clause."
url: "https://uscodex.org/cfr/48/242.7503"
---

# §242.7503. Contract clause.


Use the clause at 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating—

- (a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or
- (b) 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

[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]