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DLAD PART 31 – CONTRACT COST PRINCIPLES AND PROCEDURES



PART 31 – CONTRACT COST PRINCIPLES AND PROCEDURES

TABLE OF CONTENTS

SUBPART 31.1 – APPLICABILITY

31.109 Advance agreements.

SUBPART 31.2 – CONTRACTS WITH COMMERCIAL ORGANIZATIONS

31.205-7 Contingencies.

31.205-10 Cost of money.

31.205-19 Insurance and indemnification.

SUBPART 31.1 – APPLICABILITY

(Revised April 19, 2013 through PROCLTR 2013-43)

31.109 Advance agreements.

31.109 Advance agreements.

(a) – (g) [Reserved.]

(h)(4)(S-90) Pre-contract costs. (See also FAR 31.205-32 and DLAD 17.74.)

SUBPART 31.2 – CONTRACTS WITH COMMERCIAL ORGANIZATIONS

31.205-7 Contingencies.

(c)(2)(S-90) When a negotiated fixed price type contract (including indefinite delivery, labor-hour, or time-and-materials contracts) is contemplated, whether to be awarded on a firm-priced or flexibly priced basis (includes economic and award fee bases), the following techniques should be considered to overcome contingencies described in FAR 31.205-7(c)(2) which present a substantial uncertainty and financial risk to the contractor and/or the Government:

(i) Applying a decrement factor for contingencies involving materials (see 15.401);

(ii) Delaying the award so that the contingent effect may reasonably be determined or the contingency resolved, and the contract priced accordingly;

(iii) Using a cost reimbursable type contract;

(iv) Segregating the contingency as a cost reimbursable line; or,

(v) When the contracting officer documents why each of the preceding techniques will not suffice, incorporating a reopener clause in the contract (see Subpart 17.92).

31.205-10 Cost of money.

(a)(1)(ii)(C) For information on the interest rate specified at this FAR cite, see 30.7001-2(e).

31.205-19 Interest and indemnification.

(a)(3)(i) For information on the interest rate specified at this FAR cite, see 30.7001-2(e).

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