[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR31.110]

[Page 574]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 31--CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents
 
                       Subpart 31.1--Applicability
 
Sec. 31.110  Indirect cost rate certification and penalties on unallowable costs.

    (a) Certain contracts require certification of the indirect cost 
rates proposed for final payment purposes. See 42.703-2 for 
administrative procedures regarding the certification provisions and the 
related contract clause prescription.
    (b) If unallowable costs are included in final indirect cost 
settlement proposals, penalties may be assessed. See 42.709 for 
administrative procedures regarding the penalty assessment provisions 
and the related contract clause prescription.

[60 FR 42658, Aug. 16, 1995, as amended at 62 FR 237, Jan. 2, 1997]