Code of Federal Regulations · Section

§ 42.702 — 42.702 Purpose

48 C.F.R. § 42.702

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(a) Establishing final indirect cost rates under this subpart provides—

(1) Uniformity of approach with a contractor when more than one contract or agency is involved;

(2) Economy of administration; and

(3) Timely settlement under cost-reimbursement contracts.

(b) Establishing billing rates provides a method for interim reimbursement of indirect costs at estimated rates subject to adjustment during contract performance and at the time the final indirect cost rates are established.

48 C.F.R. § 42.701 48 C.F.R. § 42.703

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