[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: 48CFR50]

[Page 954]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 50_EXTRAORDINARY CONTRACTUAL ACTIONS--Table of Contents
 
                      Subpart 50.4_Residual Powers
 
Sec.  50.401  Standards for use.

    Subject to the limitations in 50.203, residual powers may be used in 
accordance with the policies in 50.102 when necessary and appropriate, 
all circumstances considered. In authorizing the inclusion of the clause 
at 52.250-1, Indemnification Under Pub. L. 85-804, in a contract or 
subcontract, an agency head may require the indemnified contractor to 
provide and maintain financial protection of the type and amount 
determined appropriate. In deciding whether to approve use of the 
indemnification clause, and in determining the type and amount of 
financial protection the indemnified contractor is to provide and 
maintain, an agency head shall consider such factors as self-insurance, 
other proof of financial responsibility, workers' compensation 
insurance, and the availability, cost, and terms of private insurance. 
The approval and determination shall be final.