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                            42.709-7 Contract clause.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart42.042.142.242.342.442.542.642.742.842.942.1142.1242.1342.1542.1642.17
Section42.70042.70142.70242.70342.70442.70542.70642.70742.70842.709
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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 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.    **Parent topic:**  42.709 Penalties for Unallowable Costs.
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