Current through October 31, 2024
Section 1515.404-472 - Other methods(a) Contracting officers may use methods other than those prescribed in 1515.404-470 for establishing profit or fee objectives under the following types of contracts and circumstances:(1) Architect-engineering contracts;(2) Personal service contracts;(3) Management contracts, e.g., for maintenance or operation of Government facilities;(4) Termination settlements;(5) Services under labor-hour and time and material contracts which provide for payment on an hourly, daily, or monthly basis, and where the contractor's contribution constitutes the furnishing of personnel.(6) Construction contracts; and(7) Cost-plus-award-fee contracts.(b) Generally, it is expected that such methods will:(1) Provide the contracting officer with a technique that will ensure consideration of the relative value of the appropriate profit factors described under "Profit Factors," in FAR 15.404-4(d) and(2) Serve as a basis for documentation of the profit or fee objective.