48 C.F.R. § 42.702

Current through September 30, 2024
Section 42.702 - Purpose
(a) Establishing final indirect cost rates under this subpart provides-
(1) Uniformity of approach with a contractor when more than one contract or agency is involved;
(2) Economy of administration; and
(3) Timely settlement under cost-reimbursement contracts.
(b) Establishing billing rates provides a method for interim reimbursement of indirect costs at estimated rates subject to adjustment during contract performance and at the time the final indirect cost rates are established.

48 C.F.R. §42.702