View all text of Subpart 242.75 [242.7501 - 242.7503]
242.7503 -
Use the clause at 252.242-7006, Accounting 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 incurred by the contractor or on a percentage or stage of completion.