FAR 31.201-5 Credits
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 31.201-5
- Type
- Subsection
- 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 subsection.
Text
The applicable portion of any income, rebate, allowance, or other credit relating to any allowable cost and received by or accruing to the contractor shall be credited to the Government either as a cost reduction or by cash refund. See 31.205-6(j)(3) for rules governing refund or credit to the Government associated with pension adjustments and asset reversions.
Sections cited
- FAR 31.205-6(j)(3) Compensation for personal services
Quick answers
What is FAR 31.201-5?
FAR 31.201-5 is a subsection of the Federal Acquisition Regulation, titled "Credits".
Are changes to FAR 31.201-5 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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