GroundRules
48 CFR 3052.228-92: 3052.228-92 Fair market value of aircraft (USCG).
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 30—DEPARTMENT OF HOMELAND SECURITY, HOMELAND SECURITY ACQUISITION REGULATION (HSAR)
- SUBCHAPTER H—CLAUSES AND FORMS
- PART 3052—SOLICITATION PROVISIONS AND CONTRACT CLAUSES
- Subpart 3052.2—Text of Provisions and Clauses
As prescribed in USCG guidance at (HSAR) 48 CFR 3028.306-90(a) and (c), insert the following clause:
Fair Market Value of Aircraft (DEC 2003)
For purposes of the clause entitled “Loss of or Damage to Leased Aircraft,” the fair market value of the aircraft to be used in the performance of this contract shall be the lesser of the two values set out in paragraphs (a) and (b) below:
(a) $___; or
(b) If the contractor has insured the same aircraft against loss or destruction in connection with other operations, the amount of such insurance coverage on the date of the loss or damage for which the Government may be responsible under this contract.
(End of clause)
Collected 2026-08-27T02:26:29Z. Source file · JSON