Code of Federal Regulations · Section
§ 42.709-7 — 42.709-7 Contract Clause
48 C.F.R. § 42.709-7
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Use the clause at 52.242-3, Penalties for Unallowable Costs, in all solicitations and contracts over $1 million 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.
Authorizing Statute
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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