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                            Subpart 1842.72—NASA Contractor Financial Management Reporting
        
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NFSPart Number: 1842
        
                  

                                
                  
        NASA Federal Acquisition Regulation Supplement
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Subpart 1842.72—NASA Contractor Financial Management ReportingSubpart 1842.72—NASA Contractor Financial Management Reporting    **Parent topic:**  PART 1842—CONTRACT ADMINISTRATION AND AUDIT SERVICES1842.7201 General.       (a) [Reserved]          (b) Reporting requirements.          (1)  			Use of the NASA Contractor Financial Management Reports, the NASA form 533 series, is required on cost-type, price redetermination, and fixed-price incentive contracts when the following dollar, period of performance, and scope criteria are met:          Contract value/scope                                           Period of performance                                           533M                                           533Q$500K to $999K                                           1 year or more                                           Required                                           Optional.$1,000,000 and over                                           Less than 1 year                                           Required                                           Optional.$1,000,000 and over                                           1 year or more                                           Required                                           Required.                                                                           (2) When it is probable that a contract will ultimately meet the criteria in paragraph (b)(1) of this section through change orders, supplemental agreements, etc., the reporting requirement must be implemented in the contract based on the estimated final contract value at the time of award.1842.7202 Contract clause.       The contracting officer shall insert the clause at 1852.242–73, NASA Contractor Financial Management Reporting, in solicitations and contracts when any of the NASA Form 533 series of reports is required from the contractor.
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