Difference between revisions of "FAR 52.232-20 - Limitation of Cost"
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|ClauseorProvision=Clause | |ClauseorProvision=Clause | ||
|Prescribedin=32.706-2(a) | |Prescribedin=32.706-2(a) | ||
− | | | + | |TypeofContractApplicable=Facilities; Dismantling, Demolition or Removal of Improvements; Cost Reimbursement, Supply; Communication Services; Leasing of Motor Vehicles; Cost Reimbursement, Service; Cost Reimbursement, R&D; Indefinite Delivery; Transportation; Utility Services |
+ | |TypeofContractOptional=Simplified Acquisition Procedures (Excludes Micro-Purchase); Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service | ||
|PrescriptionOverview===Prescription== | |PrescriptionOverview===Prescription== | ||
Latest revision as of 08:17, 29 December 2014
Prescribed in 32.706-2(a) | |
Effective Date: | 1 April 1984 |
Clause or Provision: | Clause |
Provision or Clause Number: | 52.232-20 - Limitation of Cost |
Principle Type And/Or Purpose of Contract: | |
Required: | |
Applicable: | Facilities; Dismantling, Demolition or Removal of Improvements; Cost Reimbursement, Supply; Communication Services; Leasing of Motor Vehicles; Cost Reimbursement, Service; Cost Reimbursement, R&D; Indefinite Delivery; Transportation; Utility Services |
Optional: | Simplified Acquisition Procedures (Excludes Micro-Purchase); Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service |
Subject: | |
ProcurementType: | |
Contract Threshold: | |
Prescription Overview: |
Prescription(a) The contracting officer shall insert the clause at 52.232-20, Limitation of Cost, in solicitations and contracts if a fully funded cost-reimbursement contract is contemplated, whether or not the contract provides for payment of a fee. |
Clause Overview: |
Clause(a) The parties estimate that performance of this contract, exclusive of any fee, will not cost the Government more than (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.
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Important Notes/Requirements: | |
Subcontract Threshold: | |
Incorporated by Reference: | Yes |
Uniform Contract Format: | I |
Editor: | Marshall |
Personal notes.