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48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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25 sections with “cost type and time-and-material contracts”

  • FAR 16.601 Time-and-materials contracts.
    …ices for which there is not a labor category specified in the contract; (3) Other direct costs (e.g., incidental services for which there is not a labor category specified in the contract, travel, computer usage charges, etc.); and (4) Ap…
  • DFARS 216.601 Time-and-materials contracts.
    …tract or order to accurately estimate the extent or duration of the work or to anticipate costs with any reasonable degree of certainty; (3) Address why a cost-plus-fixed-fee term or other cost-reimbursement, incentive, or fixed-price cont…
  • FAR 52.216-7 Allowable Cost and Payment.
    As prescribed in 16.307(a), insert the following clause: Allowable Cost and Payment (AUG 2018) (a) Invoicing. (1) The Government will make payments to the Contractor when requested as work progresses, but (except for small business concer…
  • FAR 16.103 Negotiating contract type.
    …onsidered together. The objective is to negotiate a contract type and price (or estimated cost and fee) that will result in reasonable contractor risk and provide the contractor with the greatest incentive for efficient and economical perfo…
  • FAR 52.215-2 Audit and Records—Negotiation.
    … in written form, in the form of computer data, or in any other form. (b) Examination of costs. If this is a cost-reimbursement, incentive, time-and-materials, labor-hour, or price redeterminable contract, or any combination of these, the …
  • FAR 52.244-2 Subcontracts.
    …asing system, consent to subcontract is required for any subcontract that— (1) Is of the cost-reimbursement, time-and-materials, or labor-hour type; or (2) Is fixed-price and exceeds— (i) For a contract awarded by the Department of Defen…
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    As prescribed in 49.503(a)(1), insert the following clause: Termination (Cost-Reimbursement) (MAY 2004) (a) The Government may terminate performance of work under this contract in whole or, from time to time, in part, if— (1) The Contrac…
  • DFARS 252.211-7003 Item Unique Identification and Valuation.
    …s uniquely assigned to an enterprise by an issuing agency. Government's unit acquisition cost means— (1) For fixed-price type line, subline, or exhibit line items, the unit price identified in the contract at the time of delivery; (2) Fo…
  • FAR 12.207 Contract type.
    …tract or order to accurately estimate the extent or duration of the work or to anticipate costs with any reasonable degree of confidence; (iii) Establish that the requirement has been structured to maximize the use of firm-fixed-price or f…
  • FAR 15.404-4 Profit.
    … or fee portion of the Government prenegotiation objective in price negotiations based on cost analysis. (1) Profit or fee prenegotiation objectives do not necessarily represent net income to contractors. Rather, they represent that elemen…
  • FAR 44.202-2 Considerations.
    …esponsibility of the particular subcontractor? (8) Has the contractor performed adequate cost or price analysis or price comparisons and obtained certified cost or pricing data and data other than certified cost or pricing data? (9) Is th…
  • FAR 45.104 Responsibility and liability for Government property.
    … held liable for loss of Government property under the following types of contracts: (1) Cost-reimbursement contracts. (2) Time-and-material contracts. (3) Labor-hour contracts. (4) Fixed-price contracts awarded on the basis of submissi…
  • FAR 52.245-1 Government Property.
    …contractor-acquired property if the contractor-acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract. Government property means all property owned or leased by the Gov…
  • DFARS 242.7502 Policy.
    (a) Contractors receiving cost-reimbursement, incentive type, time-and-materials, or labor-hour contracts, or contracts which provide for progress payments based on costs or on a percentage or stage of completion, shall maintain an accounti…
  • DFARS 252.242-7005 Contractor business systems.
    …ems (Jan 2025) (a) This clause only applies to covered contracts that are subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1 (see the FAR Appendix). (b) Definition…
  • FAR 8.404 Use of Federal Supply Schedules.
    …der represents the best value (as defined in FAR 2.101) and results in the lowest overall cost alternative (considering price, special features, administrative costs, etc.) to meet the Government's needs. Although GSA has already negotiated…
  • FAR 12.301 Solicitation provisions and contract clauses for the acquisition of commercial products and commercial services.
    …s require fill-in; the fill-in language should be inserted as directed by 52.104(d). When cost information is obtained pursuant to part 15 to establish the reasonableness of prices for commercial products or commercial services, the contrac…
  • FAR 44.201-1 Consent requirements.
    …actor does not have an approved purchasing system, consent to subcontract is required for cost-reimbursement, time-and-materials, labor-hour, or letter contracts, and also for unpriced actions (including unpriced modifications and unpriced …
  • FAR 45.402 Title to contractor-acquired property.
    …ugh a contract modification listing the item as Government-furnished property. (b) Under cost type and time-and-material contracts, the Government acquires title to all property to which the contractor is entitled to reimbursement, in acco…
  • DFARS 204.7103-1 Criteria for establishing.
    …ed in accordance with 204.7104; (iii) When the items or services are being acquired on a cost-reimbursement contract; (iv) When the contract is for maintenance and repair services (e.g., a labor hour contract) and firm prices have been es…
  • FAR 45.107 Contract clauses.
    …ontracting officer shall insert the clause at 52.245-1, Government Property, in— (i) All cost-reimbursement and time-and-material type solicitations and contracts, and labor-hour solicitations when property is expected to be furnished for …
  • DFARS 242.7503 Contract clause.
    …counting System Administration, in solicitations and contracts when contemplating— (a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or (b) A contract with progress payments made on the basis of costs i…
  • FAR 4.1703 Reporting requirements.
    …ncy contracts. (2) Reporting is required according to the following thresholds: (i) All cost-reimbursement, time-and-materials, and labor-hour service contracts and orders with an estimated total value above the simplified acquisition thr…
  • FAR 8.405-3 Blanket purchase agreements (BPAs).
    … to periodically compare multiple technical approaches or prices; (C) The administrative costs of BPAs; and (D) The technical qualifications of the schedule contractor(s). (4) BPAs shall address the frequency of ordering, invoicing, disc…
  • FAR 16.201 General.
    …ing for an adjustable price may include a ceiling price, a target price (including target cost), or both. Unless otherwise specified in the contract, the ceiling price or target price is subject to adjustment only by operation of contract c…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.