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    (Showing 181 to 195 of 195 results found.)42.709-1 Scope.42.709-1 Scope., 42.709-1 Scope., (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...FAR
          42.709-2           General.42.709-2 General., 42.709-2 General., (a) The following penalties apply to contracts covered by this section: (1) If the indirect cost is expressly unallowable under a cost principle in the FAR, or an executive agency supplement to the FAR, that defines the...FAR
          42.709-3 Responsibilities.42.709-3 Responsibilities., 42.709-3 Responsibilities., (a) The cognizant contracting officer is responsible for— (1) Determining whether the penalties in 42.709-2 (a) should be assessed; (2) Determining whether such penalties should be waived pursuant to 42.709-6...FAR
          42.709-4 Assessing the penalty.42.709-4 Assessing the penalty., 42.709-4 Assessing the penalty., Unless a waiver is granted pursuant to 42.709-6 , the cognizant contracting officer shall - (a) Assess the penalty in 42.709-2 (a)(1), when the submitted cost is expressly unallowable under a cost...FAR
          42.709-5 Computing Interest.42.709-5 Computing Interest., 42.709-5 Computing Interest., For 42.709-2 (a)(1)(ii), compute interest on any paid portion of the disallowed cost as follows: (a) Consider the overpayment to have occurred, and interest to have begun accumulating, from the midpoint...FAR
          42.709-6 Waiver of the penalty.42.709-6 Waiver of the penalty., 42.709-6 Waiver of the penalty., The cognizant contracting officer shall waive the penalties at 42.709-2 (a) when— (a) The contractor withdraws the proposal before the Government formally initiates an audit of the proposal and the...FAR
          42.709-7 Contract clause.42.709-7 Contract clause., 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...FAR
          Subpart 42.8 - Disallowance of CostsSubpart 42.8 - Disallowance of Costs, Subpart 42.8 - Disallowance of Costs, Parent topic:, Part 42 - Contract Administration and Audit Services, 42.800 Scope of subpart., This subpart prescribes policies and procedures for- (a) Issuing notices of intent to...FAR
          42.800 Scope of subpart.42.800 Scope of subpart., 42.800 Scope of subpart., This subpart prescribes policies and procedures for- (a) Issuing notices of intent to disallow costs; and (b) Disallowing costs already incurred during the course of performance., Parent topic:, Subpart 42.8 -...FAR
          42.801 Notice of intent to disallow costs.42.801 Notice of intent to disallow costs., 42.801 Notice of intent to disallow costs., (a) At any time during the performance of a contract of a type referred to in 42.802 , the cognizant contracting officer responsible for administering the contract may issue...FAR
          42.802 Contract clause.42.802 Contract clause., 42.802 Contract clause., The contracting officer shall insert the clause at 52.242-1 , Notice of Intent to Disallow Costs, in solicitations and contracts when a cost-reimbursement contract, a fixed-price incentive contract, or a contract...FAR
          42.803 Disallowing costs after incurrence.42.803 Disallowing costs after incurrence., 42.803 Disallowing costs after incurrence., Cost-reimbursement contracts, the cost-reimbursement portion of fixed-price contracts, letter contracts that provide for reimbursement of costs, and time-and-material and...FAR
          Subpart 42.9 - BankruptcySubpart 42.9 - Bankruptcy, Subpart 42.9 - Bankruptcy, Parent topic:, Part 42 - Contract Administration and Audit Services, 42.900 Scope of subpart., This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into...FAR
          42.900 Scope of subpart.42.900 Scope of subpart., 42.900 Scope of subpart., This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into proceedings relating to bankruptcy. It establishes a requirement for the contractor to notify the...FAR
          42.901 General.42.901 General., 42.901 General., The contract administration office shall take prompt action to determine the potential impact of a contractor bankruptcy on the Government in order to protect the interests of the Government., Parent topic:, Subpart 42.9 -...FAR

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