Contract clause.

  1. Law
  2. CFR 48
  3. Federal Acquisition Regulations System
  4. Defense Acquisition Regulations System, Department of Defense
  5. Contract Management
  6. Contract Administration and Audit Services
  7. Contractor Accounting Systems and Related Controls
  8. Contract clause.

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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]


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