Code of Federal Regulations (Last Updated: February 15, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 1 - Federal Acquisition Regulation |
SubChapter G - Contract Management |
Part 42 - Contract Administration and Audit Services |
Subpart 42.7 - Indirect Cost Rates |
§ 42.701 - Definition.
Latest version.
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42.701 Definition.
Billing rate as used in this subpart means an indirect cost rate
(1) established temporarily for interim reimbursement of incurred indirect costs and
(2) adjusted as necessary pending establishment of final indirect cost rates.
[48 FR 42370, Sept. 19, 1983, as amended at 59 FR 11387, Mar. 10, 1994; 63 FR 9064, Feb. 23, 1998; 66 FR 2133, Jan. 10, 2001]