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Title 48 → Chapter 1 → Subchapter C → Part 16 → Subpart 16.3 → §16.302 |
Title 48: Federal Acquisition Regulations System
PART 16—TYPES OF CONTRACTS
Subpart 16.3—Cost-Reimbursement Contracts
16.302 Cost contracts.
(a) Description. A cost contract is a cost-reimbursement contract in which the contractor receives no fee.
(b) Application. A cost contract may be appropriate for research and development work, particularly with nonprofit educational institutions or other nonprofit organizations.
(c) Limitations. See 16.301-3.
[48 FR 42219, Sept. 19, 1983, as amended at 72 FR 27384, May 15, 2007]