Description |
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The Contractor shall notify the Contracting Officer in writing whenever it has reason to believe that the costs it expects to incur under this contract in the next 60 days, when added to all costs previously incurred, will exceed 75 percent of
(1) the total amount so far allotted to the contract by the Government or,
(2) if this is a cost-sharing contract, the amount then allotted to the contract by the Government plus the Contractor's corresponding share.
The notice shall state the estimated amount of additional funds required to continue performance for the period specified in the Schedule.
(d) Sixty days before the end of the period specified in the Schedule, the Contractor shall notify the Contracting Officer in writing of the estimated |
Comments |
Business Rule Extra Properties |
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Business Rule Number: | 909168 |
APG Compliant? | |
Business Rule Category: | Structural Assertion |
Business Rule Level: | Operational |
Business Rule Source Type: | Compliance Requirement |
Reference Material: | FAR 52.232-1 through 52.236-28 |
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