48 CFR 16.302 - 16.302 Cost contracts.

Regulations last checked for updates: Apr 29, 2024

Title 48 - Federal Acquisition Regulations System last revised: Apr 25, 2024

View all text of Subpart 16.3 [16.301 - 16.307]

16.302 - 16.302 Cost contracts.

(a) Description. A cost contract is a cost-reimbursement contract in which the contractor receives no fee.

(b) Application. A cost contract may be appropriate for research and development work, particularly with nonprofit educational institutions or other nonprofit organizations.

[48 FR 42219, Sept. 19, 1983, as amended at 72 FR 27384, May 15, 2007]

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: 48 FR 42219, Sept. 19, 1983, unless otherwise noted.

cite as: 48 CFR 16.302