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  2. A cost reimbursement contract is an agreement between parties in a construction project that guarantees the owner reimburses the contractor for costs incurred while they work on the project. Reimbursement, however, is not unlimited. There is a ceiling. The contractor is not paid solely for the costs but is also guaranteed an additional payment.

    Cost Reimbursement Contract: A Quick …

    www.projectmanager.com/blog/cost-reimbursemen…
    A cost-reimbursement contract is a contract between a buyer and a seller in which the buyer reimburses the seller for actual costs incurred during contract performance. This type of contract is typically used when estimating the final costs of completing a complex project.

    A Guide to Cost-Reimbursement Contra…

    nerdrums.com/guide-to-cost-reimbursement-contra…
    Cost-reimbursement, or cost-plus, is a type of contract where a contractor is paid for all of its allowed expenses up to a set limit, plus additional payment to allow the company to make a profit. Cost-reimbursement contracts contrast with fixed-price contracts, in which the contractor is paid a negotiated amount regardless of incurred expenses.

    Contracting 101: Cost-Reimbursement a…

    www.govloop.com/community/blog/contracting-101 …
    A cost-reimbursement contract is an agreement between two parties to provide payment for allowable costs incurred by the other party. The final pricing of the deal is determined later based on the underlying deal and the actual costs it took to complete a project.

    Managing Your Cost-Reimbursement C…

    ironcladapp.com/journal/contracts/cost-reimbursem…
     
  3. People also ask
    When can a cost-reimbursement contract be used?16.301-3 Limitations. (a) A cost-reimbursement contract may be used only when (1) The factors in 16.104 have been considered; (2) A written acquisition plan has been approved and signed at least one level above the contracting officer; (3) The contractor’s accounting system is adequate for determining costs applicable to the contract or order; and

    Subpart 16.3 - Cost-Reimbursement Contracts | Acquisition.GOV

    acquisition.gov
    What is a termination clause in a cost-reimbursement contract?49.301 General. Termination clauses for cost-reimbursement contracts (see 49.503 (a)) provide for the settlement of costs and fee, if any. The contract clauses governing costs shall determine what costs are allowable. 49.302 Discontinuance of vouchers.

    Subpart 49.3 - Additional Principles for Cost-Reimbursement Contracts

    acquisition.gov
    What type of insurance does a cost-reimbursement contract require?28.307 Insurance under cost-reimbursement contracts. Cost-reimbursement contracts (and subcontracts, if the terms of the prime contract are extended to the subcontract) ordinarily require the types of insurance listed in 28.307-2, with the minimum amounts of liability indicated. (See 28.308 for self-insurance .)

    28.307 Insurance under cost-reimbursement contracts

    acquisition.gov
    How do I insert a cost-reimbursement clause in a contract?As prescribed in 16.307 (e), insert the clause in solicitations and contracts when a cost-reimbursement contract is contemplated that provides no fee and is not a cost-sharing contract. This clause may be modified by substituting "$10,000" in lieu of "$100,000" as the maximum reserve in paragraph (b) if the Contractor is a nonprofit organization.

    52.216-11 Cost Contract-No Fee

    acquisition.gov
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  4. Acquisition.GOV
    https://www.acquisition.gov/far/subpart-16.3

    Subpart 16.3 - Cost-Reimbursement Contracts - Acquisition.GOV

     
  5. Acquisition.GOV
    https://www.acquisition.gov/far/part-16

    Part 16 - Types of Contracts - Acquisition.GOV

  6. Acquisition.GOV
    https://www.acquisition.gov/afars/subpart-5116.3...

    Subpart 5116.3 - Cost-Reimbursement Contracts - Acquisition.GOV

  7. Acquisition.GOV
    https://origin-www.acquisition.gov/dfars/subpart...

    Subpart 216.3 - COST-REIMBURSEMENT CONTRACTS

  8. Acquisition.GOV
    https://www.acquisition.gov/far/16.306

    16.306 Cost-plus-fixed-fee contracts. - Acquisition.GOV

  9. Acquisition.GOV
    https://www.acquisition.gov/far/16.302

    16.302 Cost contracts. - Acquisition.GOV

  10. acquisition.gov
    https://origin-www.acquisition.gov/hhsar/subpart...

    Subpart 316.3 - Cost-Reimbursement Contracts | Acquisition.GOV

  11. Acquisition.GOV
    https://www.acquisition.gov/far/16.304

    16.304 Cost-plus-incentive-fee contracts. - Acquisition.GOV

  12. Acquisition.GOV
    https://www.acquisition.gov/node/61802/printable/print

    16.302 Cost contracts. - Acquisition.GOV

  13. Acquisition.GOV
    https://www.acquisition.gov/node/61821/printable/print

    16.405-2 Cost-plus-award-fee contracts. - Acquisition.GOV

  14. Acquisition.GOV
    https://www.acquisition.gov/node/61804/printable/print

    16.304 Cost-plus-incentive-fee contracts. - Acquisition.GOV

  15. Acquisition.GOV
    https://www.acquisition.gov/far/16.301-3

    16.301-3 Limitations. - Acquisition.GOV

  16. Acquisition.GOV
    https://www.acquisition.gov/dfars/part-216-types-contracts

    Part 216 - TYPES OF CONTRACTS - Acquisition.GOV

  17. Acquisition.GOV
    https://www.acquisition.gov/far/49.503

    49.503 Termination for convenience of the Government and default.

  18. Acquisition.GOV
    https://www.acquisition.gov/far/52.216-11

    52.216-11 Cost Contract-No Fee. - Acquisition.GOV

  19. Acquisition.GOV
    https://www.acquisition.gov/epaar/subpart-1516.3...

    Subpart 1516.3 - Cost-Reimbursement Contracts - Acquisition.GOV

  20. Acquisition.GOV
    https://www.acquisition.gov/far/28.307

    28.307 Insurance under cost-reimbursement contracts.

  21. acquisition.gov
    https://www.acquisition.gov/far/46.305

    46.305 Cost-reimbursement service contracts. - Acquisition.GOV

  22. Acquisition.GOV
    https://www.acquisition.gov/far/15.404-1

    15.404-1 Proposal analysis techniques. - Acquisition.GOV

  23. acquisition.gov
    https://www.acquisition.gov/far/16.405-1

    16.405-1 Cost-plus-incentive-fee contracts. | Acquisition.GOV

  24. Acquisition.GOV
    https://www.acquisition.gov/far/52.246-5

    52.246-5 Inspection of Services-Cost-Reimbursement.

  25. Acquisition.GOV
    https://www.acquisition.gov/edar/subpart-3416.3...

    Subpart 3416.3—Cost-Reimbursement Contracts - Acquisition.GOV