[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: 48CFR31.110]



[Page 599-600]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 31_CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents

 

                       Subpart 31.1_Applicability

 

Sec. 31.110  Indirect cost rate certification and penalties on unallowable costs.



    (a) Certain contracts require certification of the indirect cost 

rates proposed for final payment purposes. See 42.703-2 for 

administrative procedures regarding the certification provisions



[[Page 600]]



and the related contract clause prescription.

    (b) If unallowable costs are included in final indirect cost 

settlement proposals, penalties may be assessed. See 42.709 for 

administrative procedures regarding the penalty assessment provisions 

and the related contract clause prescription.



[60 FR 42658, Aug. 16, 1995, as amended at 62 FR 237, Jan. 2, 1997]