FAR 31.110 — Indirect cost rate certification and penalties on unallowable costs
Regulatory text. Not legal advice.
(a)
(a) Certain contracts require certification of the indirect cost rates proposed for final payment purposes. See FAR 42.703-2 for administrative procedures regarding the certification provisions and the related contract clause prescription.
(b)
(b) If unallowable costs are included in final indirect cost settlement proposals, penalties may be assessed. See FAR 42.709 for administrative procedures regarding the penalty assessment provisions and the related contract clause prescription.
Citation history: [60 FR 42658, Aug. 16, 1995, as amended at 62 FR 237, Jan. 2, 1997]
Source: eCFR • Pulled 2026-04-16