[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR12.214]

[Page 188]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 12_ACQUISITION OF COMMERCIAL ITEMS--Table of Contents
 
  Subpart 12.2_Special Requirements for the Acquisition of Commercial 
                                  Items
 
Sec.  12.214  Cost Accounting Standards.

    Cost Accounting Standards (CAS) do not apply to contracts and 
subcontracts for the acquisition of commercial items when these 
contracts and subcontracts are firm-fixed-price or fixed-price with 
economic price adjustment (provided that the price adjustment is not 
based on actual costs incurred). See 48 CFR 30.201-1 for CAS 
applicability to fixed-price with economic price adjustment contracts 
and subcontracts for commercial items when the price adjustment is based 
on actual costs incurred. When CAS applies, the contracting officer 
shall insert the appropriate provisions and clauses as prescribed in 48 
CFR 30.201.

[63 FR 9054, Feb. 23, 1998]