FAR 12.214 Cost Accounting Standards
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 12.214
- Type
- Section
- Last amended
- 86 FR 61017 Effective Dec 6, 2021
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
Cost Accounting Standards (CAS) do not apply to contracts and subcontracts for the acquisition of commercial products or commercial services when these contracts and subcontracts are firm-fixed-price or fixed-price with economic price adjustment (provided that the price adjustment is not based on actual costs incurred). See 30.201-1 for CAS applicability to fixed-price with economic price adjustment contracts and subcontracts for commercial products or commercial services when the price adjustment is based on actual costs incurred. When CAS applies, the contracting officer shall insert the appropriate provisions and clauses as prescribed in 30.201.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation: Revision of Definition of “Commercial Item” |
Sections cited
- FAR 30.201-1 CAS applicability
- FAR 30.201 Contract requirements
Quick answers
What is FAR 12.214?
FAR 12.214 is a section of the Federal Acquisition Regulation, titled "Cost Accounting Standards".
When was FAR 12.214 last changed?
The most recent final rule on record is "Federal Acquisition Regulation: Revision of Definition of “Commercial Item”" (86 FR 61017), published Nov 4, 2021 and effective Dec 6, 2021.
Are changes to FAR 12.214 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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