FAR 31.110 Indirect cost rate certification and penalties on unallowable costs
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 31.110
- Type
- Section
- 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
(a) Certain contracts require certification of the indirect cost rates proposed for final payment purposes. See 42.703-2 for administrative procedures regarding the certification provisions and the related contract clause prescription.
(b) If unallowable costs are included in final indirect cost settlement proposals, penalties may be assessed. See 42.709 for administrative procedures regarding the penalty assessment provisions and the related contract clause prescription.
Sections cited
- FAR 42.703-2 Certificate of indirect costs
- FAR 42.709 Penalties for Unallowable Costs
Quick answers
What is FAR 31.110?
FAR 31.110 is a section of the Federal Acquisition Regulation, titled "Indirect cost rate certification and penalties on unallowable costs".
Are changes to FAR 31.110 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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