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PGI 242.7503: Contract clause.

PGI › Part 242 › PGI 242.7503

This PGI section supplements: DFARS 242.7503 · FAR 42.7503
The corresponding FAR Part 42 and DFARS Part 242 have been overhauled under the RFO. PGI replacement text is provided in the RFO deviation attachment. View FAR Part 42

Current Content

Use the clause at 252.242-7006 , Accounting System Administration, in solicitations and contracts when contemplating—

(a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or

(b) A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.

Sources: Search on acquisition.gov · View on acq.osd.mil