{"data":{"id":"us/48-cfr-242.7503","jurisdiction":"us","citation":"48 CFR 242.7503","heading":"242.7503 Contract clause.","body":"Use the clause at 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating—\n(a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or\n(b) A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.","path":["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"],"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":"59fbabcd94170ff3602a2e1ebc93a73edbf95c11878ea15a3e88b1b6c64a7a98","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-242.7502","next":"us/48-cfr-243.107-70"},"notice":"GroundRules: Original legal text. Not legal advice."}