Web42.705 Final indirect cost rates. ( a) Final indirect cost rates shall be established on the basis of -. ( 2) Auditor determination procedure (see 42.705-2 ). ( b) Within 120 days (or longer period, if approved in writing by the contracting officer,) after settlement of the final annual indirect cost rates for all years of a physically complete ... WebMar 1, 2024 · subpart 242.7--indirect cost rates (Revised March 1, 2024) 242.705 Final indirect cost rates. 242.705-1 Contracting officer determination procedure. 242.705-2 Auditor determination procedure. 242.708 Quick-closeout procedure. 242.770 Reserved. 242.771 Independent research and development and bid and proposal costs. 242.771-1 …
Part 842 - Contract Administration and Audit Services - Office of ...
WebAug 9, 2016 · The ONLY guidance on how to withdraw an incurred cost proposal properly is found under “Indirect Cost Rates” (FAR 42.7) but under the section about waving penalties (42.709-5) Now, having said that, the first three definitions appear numerous times in the FAR and could be argued to create a general definition. Let us look at some of the ... Web(d) Final indirect cost rates. (1) Final annual indirect cost rates and the appropriate bases shall be established in accordance with subpart 42.7 of the Federal Acquisition Regulation (FAR) in effect for the period covered by the indirect cost rate proposal. read 5 psalms a day
Adjusting Provisional Indirect Rates—Contractor Beware
WebPart B: Payment Of Indirect Costs October 2003 Tasks Related Standards 1. Identify the official responsible for determining final indirect cost rates for the business unit. Follow the guidance in FAR 42.705 -1 and 42.705 - 2 to determine whether the Contracting Officer or auditor is responsible for final indirect cost rates. 62-11 Web(d) Final indirect cost rates. (1) Final annual indirect cost rates and the appropriate bases shall be established in accordance with sub-part 42.7 of the Federal Acquisition Regula … how to stop hating someone you live with