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Pt. 4748 CFR Ch. 1 (10122 Edition)(4) In contracts requiring the performance of services, insert the clause at 52.24625, Limitation of Liability Services. (5) In contracts requiring both the performance
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Federal Acquisition Regulation 37103 (FAR 37103) is a regulation that outlines the requirements and processes for federal contracts and acquisitions, focusing specifically on cost principles, policies, and management of contracts.
Government agencies and contractors involved in federal procurement processes are required to comply with FAR 37103 and file the necessary documentation as stipulated in the regulation.
To fill out FAR 37103, entities must gather the required information related to their contractual agreements, follow the specific instructions provided in the regulation, and ensure that all data is accurate and complete before submission.
The purpose of FAR 37103 is to establish a framework for the consistent management of federal procurement by defining cost principles, ensuring compliance with federal laws, and promoting accountability in acquisition processes.
FAR 37103 requires reporting information such as contract costs, expenditures, compliance with federal acquisition guidelines, and any relevant financial data related to federal contracts.
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