Code of Federal Regulations (alpha)

CFR /  Title 48  /  Part 242  /  242.7503 Contract clause.

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;

(b) A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.] [76 FR 28870, May 18, 2011, as amended at 77 FR 11366, Feb. 24, 2012]