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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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26 sections with “final cost objective”

  • FAR 31.202 Direct costs.
    (a) No final cost objective shall have allocated to it as a direct cost any cost, if other costs incurred for the same purpose in like circumstances have been included in any indirect cost pool to be allocated to that or any other final cos…
  • FAR 31.203 Indirect costs.
    …r work, indirect costs are those remaining to be allocated to intermediate or two or more final cost objectives. No final cost objective shall have allocated to it as an indirect cost any cost, if other costs incurred for the same purpose, …
  • FAR 2.101 Definitions.
    …e Federal agency that, on behalf of all Federal agencies, is responsible for establishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting standards for all contracts in a business unit. …
  • DFARS 216.405-2 Cost-plus-award-fee contracts.
    …iate fee distribution to ensure at least 40 percent of the award fee is available for the final evaluation so that the award fee is appropriately distributed over all evaluation periods to incentivize the contractor throughout performance o…
  • DFARS 252.242-7006 Accounting System Administration.
    …nsistent method for the accumulation and allocation of indirect costs to intermediate and final cost objectives; (5) Accumulation of costs under general ledger control; (6) Reconciliation of subsidiary cost ledgers and cost objectives to …
  • FAR 31.205-18 Independent research and development and bid and proposal costs.
    …2) are not applicable, the following apply: (i) IR&D and B&P costs shall be allocated to final cost objectives on the same basis of allocation used for the G&A expense grouping of the profit center (see 31.001) in which the costs are incur…
  • FAR 31.001 Definitions.
    …icable law, regulation, or contract, is specifically named and stated to be unallowable. Final cost objective means (except for subparts 31.3 and 31.6) a cost objective that has allocated to it both direct and indirect costs and, in the co…
  • FAR 42.703-1 Policy.
    (a) A single agency (see 42.705-1) shall be responsible for establishing final indirect cost rates for each business unit. These rates shall be binding on all agencies and their contracting offices, unless otherwise specifically prohibited …
  • FAR 42.1503 Procedures.
    …individuals responsible for preparing and reviewing interim evaluations, if prepared, and final evaluations (e.g., contracting officers, contracting officer representatives, project managers, and program managers). Those individuals identif…
  • FAR 52.215-2 Audit and Records—Negotiation.
    …(d), and (e) of this clause, for examination, audit, or reproduction, until 3 years after final payment under this contract or for any shorter period specified in Subpart 4.7, Contractor Records Retention, of the Federal Acquisition Regulat…
  • FAR 16.306 Cost-plus-fixed-fee contracts.
    …rmally requires the contractor to complete and deliver the specified end product (e.g., a final report of research accomplishing the goal or target) within the estimated cost, if possible, as a condition for payment of the entire fixed fee.…
  • DFARS 242.7502 Policy.
    …tial determination, in consultation with the auditor or functional specialist, and make a final determination. (3) Final determination. (i) The contracting officer shall make a final determination and notify the contractor, in writing, tha…
  • DFARS 244.305-70 Policy.
    …al determination in consultation with the auditor or purchasing system analyst and make a final determination. (3) Final determination. (i) The contracting officer shall make a final determination and notify the contractor, in writing, tha…
  • DFARS 252.242-7004 Material Management and Accounting System.
    …Contractor's response and notify the Contractor, in writing, of the Contracting Officer's final determination concerning— (i) Remaining material weaknesses; (ii) The adequacy of any proposed or completed corrective action; and (iii) Syst…
  • FAR 31.205-41 Taxes.
    …all be apportioned to all such work based upon the use of such property on the respective final cost objectives. (d) Any taxes, interest, or penalties that were allowed as contract costs and are refunded to the contractor shall be credited…
  • FAR 15.404-1 Proposal analysis techniques.
    (a) General. The objective of proposal analysis is to ensure that the final agreed-to price is fair and reasonable. (1) The contracting officer is responsible for evaluating the reasonableness of the offered prices. The analytical techniqu…
  • FAR 52.248-2 Value Engineering—Architect-Engineer.
    …r shall be responsible for prestudy work assembly and shall edit, reproduce, and sign the final report and each VEP. All VEP's, even if submitted earlier as an individual submission, shall be contained in the final report. (d) VEP preparat…
  • DFARS 215.404-71-3 Contract type risk and working capital adjustment.
    …rtion of the work; (ii) Is not necessarily the period of time between contract award and final delivery (or final payment), as periods of minimal effort should be excluded; (iii) Should not include periods of performance contained in opti…
  • FAR 15.405 Price negotiation.
    …eeded to reach a negotiated settlement with the offeror and is solely responsible for the final price agreement. However, when significant audit or other specialist recommendations are not adopted, the contracting officer should provide rat…
  • FAR 17.106-1 General.
    …rors may provide information requiring a change in cancellation ceilings and dates before final negotiation and contract award. (e) Payment of cancellation charges. If cancellation occurs, the Government's liability will be determined by t…
  • FAR 31.102 Fixed-price contracts.
    …greements on individual elements of cost in arriving at agreement on the total price. The final price accepted by the parties reflects agreement only on the total price. Further, notwithstanding the mandatory use of cost principles, the obj…
  • FAR 32.206 Solicitation provisions and contract clauses.
    …ced by the amount of installment payments made for the item. The contractor's request for final payment for each item is required to show this calculation.
  • FAR 34.005-2 Mission-oriented solicitation.
    …licitation should be revised, if appropriate. (b) The contracting officer shall send the final solicitation to all prospective offerors. It shall— (1) Describe the nature of the need in terms of mission capabilities required, without refe…
  • FAR 35.006 Contracting methods and contract type.
    …d production tooling, equipment, and processes are developed and proven. When possible, a final commitment to undertake specific product development and testing should be avoided until (1) preliminary exploration and studies have indicated …
  • FAR 52.244-2 Subcontracts.
    … certified cost or pricing data in determining the price objective and in negotiating the final price; (E) The extent to which it was recognized in the negotiation that the subcontractor's certified cost or pricing data were not accurate, …
  • FAR 52.248-1 Value Engineering.
    …or shall maintain records adequate to identify the first delivered unit for 3 years after final payment under this contract. (2) The Contracting Officer shall calculate the Contractor's share of concurrent contract savings by (i) subtracti…

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.