Federal activity overview — FAR 52.216-7: Allowable Cost and Payment
Federal form · U.S. General Services Administration (Standard Form)
Governs the allowability of costs and payment procedures for cost-reimbursement contracts. It references FAR Part 31 cost principles and CAS requirements to determine which costs the government will reimburse. This clause is central to cost-type contract administration and defines the framework for voucher submission and payment.
Contractors on cost-reimbursement contracts reference FAR 52.216-7 for all payment-related matters including voucher submission, interim payments, final indirect cost rates, and cost allowability determinations.
Reference record · Sources: U.S. General Services Administration (Standard Form) · Covers what it is, when it is used
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is federal form FAR 52.216-7 (Allowable Cost and Payment). Governs the allowability of costs and payment procedures for cost-reimbursement contracts. It references FAR Part 31 cost principles and CAS requirements to determine which costs the government will reimburse. This clause is central to cost-type contract administration and defines the framework for voucher submission and payment.
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Ask about FAR 52.216-7Contractors on cost-reimbursement contracts reference FAR 52.216-7 for all payment-related matters including voucher submission, interim payments, final indirect cost rates, and cost allowability determinations.
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