Title 48

SECTION 16.302

16.302 Cost 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]

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