GroundRules
48 CFR 242.7503: 242.7503 Contract clause.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE
- SUBCHAPTER G—CONTRACT MANAGEMENT
- PART 242—CONTRACT ADMINISTRATION AND AUDIT SERVICES
- Subpart 242.75—Contractor Accounting Systems and Related Controls
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.
Collected 2026-08-27T02:26:29Z. Source file · JSON