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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 2 - Defense Acquisition Regulations System, Department of Defense |
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SubChapter G - Contract Management |
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Part 242 - Contract Administration and Audit Services |
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Subpart 242.75 - Contractor Accounting Systems and Related Controls |
§ 242.7503 - Contract clause.
Latest version.
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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. ]
[76 FR 28870, May 18, 2011, as amended at 77 FR 11366, Feb. 24, 2012; 82 FR 61481, Dec. 28, 2017]