{"data":{"id":"us/48-cfr-1352.228-74","jurisdiction":"us","citation":"48 CFR 1352.228-74","heading":"1352.228-74 Fair market value of aircraft.","body":"As prescribed in 48 CFR 1328.310-70(e) and 48 CFR 1328.310-70(g) insert the following in all applicable contracts for leased aircraft:\nFair Market Value of Aircraft (APR 2010)\nFor purposes of the clause entitled “Loss of or Damage to Leased Aircraft,” it is agreed that 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) of this clause:\n(a) $________; or\n(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 is the maximum amount for which the Government may be responsible under this contract.\n(End of clause)","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 13—DEPARTMENT OF COMMERCE","SUBCHAPTER H—CLAUSES AND FORMS","PART 1352—SOLICITATION PROVISIONS AND CONTRACT CLAUSES","Subpart 1352.2—Text of Provisions and Clauses"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"33e86579bb7c40472949561754cac71160041106e3e17917ed54264c656d7929","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-1352.228-73","next":"us/48-cfr-1352.228-75"},"notice":"GroundRules: Original legal text. Not legal advice."}