Difference between revisions of "FAR 52.232-22 - Limitation of Funds"
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|EffectiveDate=1984/04/01 | |EffectiveDate=1984/04/01 | ||
|ClauseorProvision=Clause | |ClauseorProvision=Clause | ||
− | + | |Prescribedin=32.706-2(b) | |
− | |Prescribedin=32. | + | |TypePurposeContract=Time and Materials/Labor Hour -O; Leasing of Motor Vehicles -A; Communication Services -A; Dismantling, Demolition, or Removal of Improvements -A; Facilities -A; Indefinite Delivery -A; Transportation -A; Utility Services -O |
− | |TypePurposeContract= | + | |PrescriptionOverview===Prescription== |
− | | | + | |
− | |FARClauseOverview='''(a)''' The parties estimate that performance of this contract will not cost the Government more than | + | '''(b)''' The contracting officer shall insert the clause at 52.232-22, Limitation of Funds, in solicitations and contracts if an incrementally funded cost-reimbursement contract is contemplated. |
+ | |FARClauseOverview===Clause== | ||
+ | '''(a)''' The parties estimate that performance of this contract will not cost the Government more than | ||
*(1) the estimated cost specified in the Schedule or, | *(1) the estimated cost specified in the Schedule or, | ||
*(2) if this is a cost-sharing contract, the Government’s share of the estimated cost specified in the Schedule. The Contractor agrees to use its best efforts to perform the work specified in the Schedule and all obligations under this contract within the estimated cost, which, if this is a cost-sharing contract, includes both the Government’s and the Contractor’s share of the cost. | *(2) if this is a cost-sharing contract, the Government’s share of the estimated cost specified in the Schedule. The Contractor agrees to use its best efforts to perform the work specified in the Schedule and all obligations under this contract within the estimated cost, which, if this is a cost-sharing contract, includes both the Government’s and the Contractor’s share of the cost. | ||
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− | '''(l)''' If the Government does not allot sufficient funds to allow completion of the work, the Contractor is entitled to a percentage of the fee specified in the Schedule equalling the percentage of completion of the work contemplated by this contract. | + | '''(l)''' If the Government does not allot sufficient funds to allow completion of the work, the Contractor is entitled to a percentage of the fee specified in the Schedule equalling the percentage of completion of the work contemplated by this contract. |
− | + | ||
|ImportantNotesRequirements=[[Category:FAR 52 - Solicitation Provisions and Contract Clauses]] | |ImportantNotesRequirements=[[Category:FAR 52 - Solicitation Provisions and Contract Clauses]] | ||
|IncorporatedbyReference=Yes | |IncorporatedbyReference=Yes | ||
|UniformContractFormat=I | |UniformContractFormat=I | ||
|Editor=Marshall | |Editor=Marshall | ||
+ | |ProvisionClauseNumberAlternate=52.232-22 | ||
+ | |ProvisionClauseDescription=- | ||
|Checked=no | |Checked=no | ||
|HasTermDate=2014/03/31 | |HasTermDate=2014/03/31 |
Revision as of 12:24, 20 December 2014
Prescribed in 32.706-2(b) | |
Effective Date: | 1 April 1984 |
Clause or Provision: | Clause |
Provision or Clause Number: | 52.232-22 - Limitation of Funds |
Principle Type And/Or Purpose of Contract: | |
Required: | |
Applicable: | Leasing of Motor Vehicles; Communication Services; Dismantling, Demolition, or Removal of Improvements; Facilities; Indefinite Delivery; Transportation; |
Optional: | Time and Materials/Labor Hour; Utility Services; |
Subject: | |
ProcurementType: | |
Contract Threshold: | |
Prescription Overview: |
Prescription(b) The contracting officer shall insert the clause at 52.232-22, Limitation of Funds, in solicitations and contracts if an incrementally funded cost-reimbursement contract is contemplated. |
Clause Overview: |
Clause(a) The parties estimate that performance of this contract will not cost the Government more than
|
Important Notes/Requirements: | |
Subcontract Threshold: | |
Incorporated by Reference: | Yes |
Uniform Contract Format: | I |
Editor: | Marshall |
Personal notes.