Regulations last checked for updates: May 20, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 14, 2024
2915.405-70 - 2915.405-70 Determining fair and reasonable price.

(a) Where the contractor insists on a price or demands a profit or fee that the contracting officer considers unreasonable and the contracting officer has taken all authorized actions to resolve the matter (see FAR 15.402), the contract action must be referred to the HCA for final resolution.

(b) Resolution under paragraph (a) of this section must be documented and signed by the HCA and included in the contract file.

authority: 5 U.S.C. 301; 40 U.S.C. 486(c)
source: 69 FR 22991, Apr. 27, 2004, unless otherwise noted.
cite as: 48 CFR 2915.405-70