§ 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]