CFR › Title 48 › Part 242 › §242.750348 CFR §242.7503Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkUse the clause at 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating—(a)A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or(b)A contract with progress payments made on the basis of costs incurred by the contractor or on a percentage or stage of completion.