Firms performing under Federal cost-reimbursement contracts must notify the Government when incurred costs will exceed 75 percent of the estimated cost. or when the total cost for the performance of the contracts will be greater or substantially less than estimated.
The latest form for Contract Funding - Limitation of Costs/Funds - FAR Sections Affected: 52.232-20 and 52.232-22 expires 2022-10-31 and can be found here.
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Supporting Statement A |