48 C.F.R. § 242.7204

Current through September 30, 2024

Section 242.7204 - Contract clause

Use 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.

48 C.F.R. §242.7204

65 FR 77833, Dec. 13, 2000, as amended at 88 FR 6588, Jan. 31, 2023

88 FR 6588, 1/31/2023