Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 12 - Department of Transportation |
SubChapter C - Contracting Methods and Contract Types |
Part 1215 - Contracting by Negotiation |
Subpart 1215.4 - Contract Pricing |
§ 1215.404-470 - Payment of profit or fee.
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1215.404-470 Payment of profit or fee.
The contracting officer shall not pay profit or fee on undefinitized contracts or undefinitized contract modifications. Any profit or fee earned shall be paid after the contract or modification is definitized.