Source: http://www.law.cornell.edu/cfr/text/48/30.001
Timestamp: 2014-12-25 12:16:07
Document Index: 21446636

Matched Legal Cases: ['art 30', 'art 16', 'art 16', 'art 16', 'art 16', 'art 16', 'art 16', 'art 16']

48 CFR 30.001 - Definitions. | LII / Legal Information Institute
CFR › Title 48 › Chapter 1 › Subchapter E › Part 30 › Section 30.001 48 CFR 30.001 - Definitions.
Used one cost accounting practice to estimate costs and a changed cost accounting practice to accumulate and report costs under the contract or subcontract; or
Used a noncompliant practice for purposes of estimating or accumulating and reporting costs under the contract or subcontract.
Fixed-price contracts and subcontracts described at 16.202, 16.203 (except when price adjustments are based on actual costs of labor or material, described at 16.203-1(a)(2)), and 16.207;
Fixed-price incentive contracts and subcontracts where the price is not adjusted based on actual costs incurred (Subpart 16.4);
Orders issued under indefinite-delivery contracts and subcontracts where final payment is not based on actual costs incurred (Subpart 16.5); and
The fixed-hourly rate portion of time-and-materials and labor-hours contracts and subcontracts (Subpart 16.6).
Fixed-price contracts and subcontracts described at 16.203-1(a)(2), 16.204, 16.205, and 16.206;
Cost-reimbursement contracts and subcontracts (Subpart 16.3);
Incentive contracts and subcontracts where the price may be adjusted based on actual costs incurred (Subpart 16.4);
Orders issued under indefinite-delivery contracts and subcontracts where final payment is based on actual costs incurred (Subpart 16.5); and
The materials portion of time-and-materials contracts and subcontracts (Subpart 16.6).
Comply with applicable CAS; or
Consistently follow disclosed or established cost accounting practices.
A change in cost accounting practice that a contractor is required to make in order to comply with applicable Standards, modifications or interpretations thereto, that subsequently becomes applicable to an existing CAS-covered contract or subcontract due to the receipt of another CAS-covered contract or subcontract; or
A prospective change to a disclosed or established cost accounting practice when the CFAO determines that the former practice was in compliance with applicable CAS and the change is necessary for the contractor to remain in compliance.