Webincrease, other fixed price or cost type contracts must be used to mitigate these uncertainties and avoid placing too great a cost risk on the contractor. These two major compensation categories of fixed price and cost reimbursement, with the various types of fixed price and cost reimbursement contracts contained therein, are presented below. WebAs prescribed in 46.302, the contracting officer shall insert the clause at 52.246-2, Inspection of Supplies—Fixed-Price, in solicitations and contracts for supplies, or services that involve the furnishing of supplies, when a fixed-price contract is contemplated and the contract amount is expected to exceed the simplified acquisition threshold.
14 FAH-2 H-520 MONITORING CONTRACTOR PERFORMANCE
WebUnless the contract specifies otherwise (as may be the case in some cost-reimbursement contracts), correction or replacement must be without additional cost to the Government. Subparagraph (e)(2) of the clause at 52.246 –2, Inspection of Supplies—Fixed-Price, reserves to the Government the right to charge the contractor the cost of ... WebNov 23, 2024 · From a FAR standpoint, government contractors should have plenty of regulatory guidance and clauses to point to in substantiating the allowability of their claimed employee office equipment reimbursement expenses. In general, per FAR 31.201-2, “Determining allowability,” a cost is allowable if it is 1) reasonable, 2) allocable, 3) … grocery outlet bar soap
FAR Clause 52.216-7 Allowable Cost and Payment.
WebAs prescribed in 46.308, the contracting officer shall insert the clause at 52.246-8, Inspection of Research and Development—Cost-Reimbursement, in solicitations and contracts for research and development when (a) the primary objective of the contract is the delivery of end items other than designs, drawings, or reports, and (b) a … WebInspection of Services - Cost-Reimbursement (APR 1984) (a) Definition. Services, as used in this clause, includes services performed, workmanship, and material furnished or … WebMay 26, 2024 · Costs are anything the contractor must pay for in order to execute the project and deliver on its objective. This includes the labor, materials, equipment, tools and more. Reimbursement means any money spent by the contractor will be given back during or after the project has been completed. grocery outlet bargain market store hours