48 C.F.R. § 16.302 — Cost contracts.
Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Cost contracts. 16.302 Section 16.302 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES TYPES OF CONTRACTS 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]