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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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17 sections with “replacement value”

  • FAR 52.246-24 Limitation of Liability—High-Value Items.
    …the extent that they arise otherwise under this contract, relating to correction, repair, replacement, or other relief for any defect or deficiency in supplies delivered under this contract. (2) Unless this is a cost-reimbursement contract…
  • FAR 52.247-66 Returnable Cylinders.
    … of delivery named in the contract. No rental shall accrue to the Contractor in excess of replacement value per cylinder specified in paragraph (c) of this clause. (c) For each cylinder lost or damaged beyond repair while in the Government…
  • FAR 52.246-2 Inspection of Supplies—Fixed-Price.
    …le under the circumstances if the Contracting Officer elects not to require correction or replacement. When supplies are returned to the Contractor, the Contractor shall bear the transportation cost from the original point of delivery to th…
  • DFARS 252.247-7016 Contractor liability for loss or damage.
    … Contractor, the liability is for the full cost of satisfactory repair or for the current replacement value of the article. (2) The Contractor shall make prompt payment to the owner of the property for any loss or damage for which the Cont…
  • FAR 52.245-1 Government Property.
    … serviceability and/or suitability of the property for contract performance. Any repairs, replacement, and/or refurbishment shall be at the Contractor's expense. (3)(i) The Contracting Officer may by written notice, at any time— (A) Incre…
  • DFARS 227.7103-14 Conformity, acceptance, and warranty of technical data.
    …nt, provides for withholding up to 10 percent of the contract price pending correction or replacement of the nonconforming technical data or negotiation of an equitable reduction in contract price. The amount subject to withholding may be e…
  • DFARS 225.103 Exceptions.
    …he-art commercial technology; or (3) To maintain the same source of supply for spare and replacement parts (also see paragraph (b)(iii)(B) of this section)— (i) For an end item that qualifies as a domestic end product; or (ii) In order n…
  • DFARS 252.239-7011 Special construction and equipment charges.
    …ies or equipment, the Government shall assume those costs or reimburse the Contractor for replacement costs at mutually acceptable rates under the following circumstances— (1) The Government paid direct special construction charges; or (2…
  • FAR 2.101 Definitions.
    …stinguished from physical life; it is evidenced by the actual or estimated retirement and replacement practice of the contractor. Descriptive literature means information provided by an offeror, such as cuts, illustrations, drawings, and b…
  • FAR 25.003 Definitions.
    …these simulators, for use with respect to the aircraft, whether to be used as original or replacement equipment in the manufacture, repair, maintenance, rebuilding, modification, or conversion of the aircraft and without regard to whether t…
  • FAR 31.205-6 Compensation for personal services.
    …tances of the particular employment. (3) Payments made in the event of employment with a replacement contractor where continuity of employment with credit for prior length of service is preserved under substantially equal conditions of emp…
  • FAR 31.205-19 Insurance and indemnification.
    …ced asset plus or minus adjustments for differences between insurance proceeds and actual replacement cost. If the contractor does not have such a formal written policy, the cost of premiums for insurance coverage in excess of the acquisiti…
  • FAR 31.205-40 Special tooling and special test equipment costs.
    …ost of (1) items acquired by the contractor before the effective date of the contract (or replacement of such items), whether or not altered or adapted for use in performing the contract, and (2) items which the contract schedule specifical…
  • FAR 46.407 Nonconforming supplies or services.
    …cifies otherwise (as may be the case in some cost-reimbursement contracts), correction or replacement must be without additional cost to the Government. Subparagraph (e)(2) of the clause at 52.246-2, Inspection of Supplies—Fixed-Price, rese…
  • FAR 52.213-4 Terms and Conditions—Simplified Acquisitions (Other Than Commercial Products and Commercial Services).
    … or services that have been tendered for acceptance. The Government may require repair or replacement of nonconforming supplies or reperformance of nonconforming services at no increase in contract price. The Government must exercise its po…
  • FAR 52.222-62 Paid Sick Leave Under Executive Order 13706.
    …leave; or (vii) Making the use of paid sick leave contingent on the employee's finding a replacement worker or the fulfillment of the Contractor's operational needs. (2) The Contractor shall not discharge or in any other manner discrimina…
  • DFARS 252.245-7005 Management and Reporting of Government Property.
    …t property for contract performance and that the Government will not pay for any repairs, replacement, and/or refurbishment of the property. Commercial and Government Entity (CAGE) code means— (1) An identifier assigned to entities locate…

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.