Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 1 - Federal Acquisition Regulation |
SubChapter E - General Contracting Requirements |
Part 32 - Contract Financing |
Subpart 32.7 - Contract Funding |
§ 32.705-2 - Clauses for limitation of cost or funds.
Latest version.
-
(a) The contracting officer shall insert the clause at 52.232–20, Limitation of Cost, in solicitations and contracts if a fully funded cost-reimbursement contract is contemplated, whether or not the contract provides for payment of a fee.
(b) The contracting officer shall insert the clause at 52.232–22, Limitation of Funds, in solicitations and contracts if an incrementally funded cost-reimbursement contract is contemplated.
[48 FR 42328, Sept. 19, 1983, as amended at 72 FR 27385, May 15, 2007]