[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: 48CFR16.302]

[Page 300]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 16--TYPES OF CONTRACTS--Table of Contents
 
               Subpart 16.3--Cost-Reimbursement Contracts
 
Sec. 16.302  Cost contracts.

    (a) Description. A cost contract is a cost-reimbursement contract in 
which the contractor receives no fee.
    (b) Application. A cost contract may be appropriate for research and 
development work, particularly with nonprofit educational institutions 
or other nonprofit organizations, and for facilities contracts.
    (c) Limitations. See 16.301-3.