48 CFR 1215.404-470 - 1215.404-470 Payment of profit or fee.

Regulations last checked for updates: Nov 23, 2024

Title 48 - Federal Acquisition Regulations System last revised: Nov 15, 2024

View all text of Subpart 1215.4 [1215.404 - 1215.404-470]

1215.404-470 - 1215.404-470 Payment of profit or fee.

The contracting officer shall not pay profit or fee on undefinitized contracts or undefinitized contract modifications. Any profit or fee earned shall be paid after the contract or modification is definitized.

authority: 5 U.S.C. 301; 41 U.S.C. 1121(c)(3); 41 U.S.C. 1702; and 48 CFR 1.301 through 1.304

source: 87 FR 61159, Oct. 7, 2022, unless otherwise noted.

cite as: 48 CFR 1215.404-470