DFARS 242.7503 — Contract clause
Regulatory text. Not legal advice.
Use the clause at DFARS 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating—
(a)
(a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or
(b)
(b) A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.
Citation history: [76 FR 28870, May 18, 2011, as amended at 77 FR 11366, Feb. 24, 2012; 82 FR 61481, Dec. 28, 2017]
Source: eCFR • Pulled 2026-04-16