FAR 12.214 — Cost Accounting Standards
Regulatory text. Not legal advice.
Cost Accounting Standards (CAS) do not apply to contracts and subcontracts for the acquisition of commercial products or commercial services when these contracts and subcontracts are firm-fixed-price or fixed-price with economic price adjustment (provided that the price adjustment is not based on actual costs incurred). See FAR 30.201-1 for CAS applicability to fixed-price with economic price adjustment contracts and subcontracts for commercial products or commercial services when the price adjustment is based on actual costs incurred. When CAS applies, the contracting officer shall insert the appropriate provisions and clauses as prescribed in in FAR 30.201.
Citation history: [63 FR 9054, Feb. 23, 1998, as amended at 86 FR 61022, Nov. 4, 2021]
Source: eCFR • Pulled 2026-04-16