48 CFR § 242.7204 - Contract clause.

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242.7204 Contract clause.

Use the clause at 252.242-7004, Material Management and Accounting System, in all solicitations and contracts exceeding the simplified acquisition threshold that are not for the acquisition of commercial items and -

(a) Are not awarded to small businesses, educational institutions, or nonprofit organizations; and

(b) Are either -

(1) Cost-reimbursement contracts; or

(2) Fixed-price contracts with progress payments made on the basis of costs incurred by the contractor as work progresses under the contract.