Section 242.7204 - Contract clauseUse the clause at 252.242-7004, Material Management and Accounting System, in all solicitations and contracts exceeding the simplified acquisition threshold that are not for the acquisition of commercial products or commercial services and-
(a) Are not awarded to small businesses, educational institutions, or nonprofit organizations; and(b) Are either- (1) Cost-reimbursement contracts; or(2) Fixed-price contracts with progress payments made on the basis of costs incurred by the contractor as work progresses under the contract. 65 FR 77833 , Dec. 13, 2000, as amended at 88 FR 6588 , Jan. 31, 2023