Regulations last checked for updates: Apr 29, 2024

Title 48 - Federal Acquisition Regulations System last revised: Apr 25, 2024
12.214 - 12.214 Cost Accounting Standards.

Cost Accounting Standards (CAS) do not apply to contracts and subcontracts for the acquisition of commercial products or commercial services when these contracts and subcontracts are firm-fixed-price or fixed-price with economic price adjustment (provided that the price adjustment is not based on actual costs incurred). See 30.201-1 for CAS applicability to fixed-price with economic price adjustment contracts and subcontracts for commercial products or commercial services when the price adjustment is based on actual costs incurred. When CAS applies, the contracting officer shall insert the appropriate provisions and clauses as prescribed in in 30.201.

[63 FR 9054, Feb. 23, 1998, as amended at 86 FR 61022, Nov. 4, 2021]
authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.
source: 60 FR 48241, Sept. 18, 1995, unless otherwise noted.
cite as: 48 CFR 12.214