Contract clause.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Contract clause. 42.709-7 Section 42.709-7 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT CONTRACT ADMINISTRATION AND AUDIT SERVICES Indirect Cost Rates 42.709–7 Contract clause. Use the clause at 52.242–3, Penalties for Unallowable Costs, in all solicitations and contracts over $800,000 except fixed-price contracts without cost incentives or any firm-fixed-price contract for the purchase of commercial products or commercial services. Generally, covered contracts are those which contain one of the clauses at 52.216–7, 52.216–16, or 52.216–17, or a similar clause from an executive agency's supplement to the FAR. [60 FR 42659, Aug. 16, 1995, as amended at 69 FR 76358, Dec. 20, 2004; 71 FR 57368, Sept. 28, 2006; 72 FR 27385, May 15, 2007; 75 FR 53134, Aug. 30, 2010; 80 FR 38298, July 2, 2015; 85 FR 62489, Oct. 2, 2020. Redesignated at 86 FR 44255, Aug. 11, 2021; 86 FR 61030, Nov. 4, 2021]