[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: 48CFR42.709]



[Page 799]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 42_CONTRACT ADMINISTRATION AND AUDIT SERVICES--Table of Contents

 

                    Subpart 42.7_Indirect Cost Rates

 

Sec. 42.709  Scope.



    (a) This section implements 10 U.S.C. 2324 (a) through (d) and 41 

U.S.C. 256 (a) through (d). It covers the assessment of penalties 

against contractors which include unallowable indirect costs in--

    (1) Final indirect cost rate proposals; or

    (2) The final statement of costs incurred or estimated to be 

incurred under a fixed-price incentive contract.

    (b) This section applies to all contracts in excess of $550,000, 

except fixed-price contracts without cost incentives or any firm-fixed-

price contracts for the purchase of commercial items.



[60 FR 42658, Aug. 16, 1995, as amended at 69 FR 76358, Dec. 20, 2004]



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