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Code of Federal Regulations (Last Updated: April 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter C - Contracting Methods and Contract Types |
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Part 16 - Types of Contracts |
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Subpart 16.3 - Cost-Reimbursement Contracts |
§ 16.302 - Cost contracts.
Latest version.
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16.302 Cost contracts.
(a) Description. A cost contract is a cost-reimbursement contract in which the contractor receives no fee.
(b) Application. A cost contract may be appropriate for research and development work, particularly with nonprofit educational institutions or other nonprofit organizations.
(c) Limitations. See 16.301-3.
[48 FR 42219, Sept. 19, 1983, as amended at 72 FR 27384, May 15, 2007]