[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR16.301-1]



[Page 309]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 16_TYPES OF CONTRACTS--Table of Contents

 

                Subpart 16.3_Cost-Reimbursement Contracts

 

Sec. 16.301-1  Description.



    Cost-reimbursement types of contracts provide for payment of 

allowable incurred costs, to the extent prescribed in the contract. 

These contracts establish an estimate of total cost for the purpose of 

obligating funds and establishing a ceiling that the contractor may not 

exceed (except at its own risk) without the approval of the contracting 

officer.