Difference between revisions of "FAR 52.242-3 - Penalties for Unallowable Costs"
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|ProvisionClauseDescription=Penalties for Unallowable Costs. | |ProvisionClauseDescription=Penalties for Unallowable Costs. | ||
|ProcurementType= | |ProcurementType= | ||
| − | |ContractThreshold= | + | |ContractThreshold=>700,000 |
|FARClauseOverview= | |FARClauseOverview= | ||
|FARCitation= | |FARCitation= | ||
|ImportantNotesRequirements=In all solicitations and contracts over $700,000 except fixed-price contracts without cost incentives or any firm fixed-price contract for the purchase of commercial items.Generally, covered contracts are those which contain one ofthe clauses at 52.216-7, 52.216-16, or 52.216-17, or a similarclause from an executive agency's supplement to the FAR. | |ImportantNotesRequirements=In all solicitations and contracts over $700,000 except fixed-price contracts without cost incentives or any firm fixed-price contract for the purchase of commercial items.Generally, covered contracts are those which contain one ofthe clauses at 52.216-7, 52.216-16, or 52.216-17, or a similarclause from an executive agency's supplement to the FAR. | ||
|ImportantCaseLaw= | |ImportantCaseLaw= | ||
| − | |SubcontractThreshold= | + | |SubcontractThreshold=>700,000 |
|FlowClauses= | |FlowClauses= | ||
|IncorporatedbyReference=Yes | |IncorporatedbyReference=Yes | ||
Revision as of 07:47, 28 April 2014
Prescribed in 42.709-6 | |
| Effective Date: | |
| Clause or Provision: | Clause |
| Provision or Clause Number: | 52.242-3 - Penalties for Unallowable Costs |
| Principle Type And/Or Purpose of Contract: | |
| Required: | |
| Applicable: | Cost Reimbursement Supply; Cost Reimbursement Research and Development; Cost Reimbursement Service; Cost Reimbursement Construction; Time and Materials/Labor Hour; Leasing of Motor Vehicles; Communication Services; Dismantling, Demolition, or Removal of Improvements; Architect-Engineering; Indefinite Delivery; Transportation; |
| Optional: | Fixed Price Service; Fixed Price Construction; Facilities; Simplified Acquisition Procedures; Utility Services; |
| Subject: | |
| ProcurementType: | |
| Contract Threshold: | >700,000 |
| Prescription Overview: | |
| Clause Overview: | |
| Important Notes/Requirements: |
In all solicitations and contracts over $700,000 except fixed-price contracts without cost incentives or any firm fixed-price contract for the purchase of commercial items.Generally, covered contracts are those which contain one ofthe clauses at 52.216-7, 52.216-16, or 52.216-17, or a similarclause from an executive agency's supplement to the FAR. |
| Subcontract Threshold: | >700,000 |
| Incorporated by Reference: | Yes |
| Uniform Contract Format: | I |
| Editor: | |
Personal notes.
