GroundRules
48 CFR 42.702: 42.702 Purpose.
Where this section sits in the code
- 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
(a) Establishing final indirect cost rates under this subpart provides—
(1) Uniformity of approach with a contractor when more than one contract or agency is involved;
(2) Economy of administration; and
(3) Timely settlement under cost-reimbursement contracts.
(b) Establishing billing rates provides a method for interim reimbursement of indirect costs at estimated rates subject to adjustment during contract performance and at the time the final indirect cost rates are established.
Collected 2026-08-27T02:26:29Z. Source file · JSON