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FAR and DFARS › FAR Part 12: Acquisition of Commercial Products and Commercial Services › Subpart 12.2

FAR 12.214 Cost Accounting Standards.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section says Cost Accounting Standards (CAS) generally do not apply to firm-fixed-price contracts and subcontracts for commercial products or commercial services, or to fixed-price contracts with economic price adjustment when the adjustment is not based on actual costs incurred. It points to 30.201-1 for when the price adjustment is based on actual costs incurred, and directs the contracting officer to insert the appropriate provisions and clauses when CAS does apply.

Applies to: Contracts and subcontracts for commercial products or commercial services

What it requires

  • When CAS applies, the contracting officer shall insert the appropriate provisions and clauses as prescribed in 30.201.

Key terms: Cost Accounting Standards (CAS) · commercial products · commercial services · firm-fixed-price · fixed-price with economic price adjustment

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

Cost Accounting Standards (CAS) do not apply to contracts and subcontracts for the acquisition of commercial products or commercial services when these contracts and subcontracts are firm-fixed-price or fixed-price with economic price adjustment (provided that the price adjustment is not based on actual costs incurred). See 30.201-1 for CAS applicability to fixed-price with economic price adjustment contracts and subcontracts for commercial products or commercial services when the price adjustment is based on actual costs incurred. When CAS applies, the contracting officer shall insert the appropriate provisions and clauses as prescribed in in 30.201.

Sections it refers to

Sections that refer to it

  • 12.503 Applicability of certain laws to Executive agency contracts for the acquisition of commercial products and commercial services.
  • 12.504 Applicability of certain laws to subcontracts for the acquisition of commercial products and commercial services.
  • 212.7002 Policy.

← 12.213 Other commercial practices. · 12.215 Notification of overpayment. →

Rule changes for FAR Part 12

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 12.214 Cost Accounting Standards · SpendQuery