[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: 48CFR50]



[Page 969]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 50_EXTRAORDINARY CONTRACTUAL ACTIONS--Table of Contents

 

                      Subpart 50.4_Residual Powers

 

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.