Code of Federal Regulations · Section
§ 42.709-1 — 42.709-1 Scope
48 C.F.R. § 42.709-1
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(a) This section implements 10 U.S.C. 3743 and 41 U.S.C. 4303. It covers the assessment of penalties against contractors which include unallowable indirect costs in—
(1) Final indirect cost rate proposals; or
(2) The final statement of costs incurred or estimated to be incurred under a fixed-price incentive contract.
(b) This section applies to all contracts in excess of $1 million, except fixed-price contracts without cost incentives or any firm-fixed-price contracts for the purchase of commercial products or commercial services.
Authorizing Statute
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Effect of submission of unallowable costs41 U.S.C. § 4303
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Effect of submission of unallowable costs10 U.S.C. § 3743
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Administrative40 U.S.C. § 121
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Chapter 137 legacy provisions10 U.S.C. § 3016
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General authority41 U.S.C. § 1121
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Powers of the Administration in performance of functions51 U.S.C. § 20113