Clause
52.232-20 Limitation of Cost.
(a) The parties estimate that performance of this contract, exclusive of any fee, will not cost the Government more than (1) the estimated cost specified in the Schedule or, (2) if this is a cost-sharing contract, the Government's share of the estimated cost specified in the Schedule. The Contractor agrees to use its best efforts to perform the work specified in the Schedule and all obligations under this contract within the estimated cost, which, if this is a cost-sharing contract, includes both the Government's and the Contractor's share of the cost.
- Type: Clause (C)
- Prescribed in: 32.706-2(a)
- Effective: Apr 1984
- Primary source: eCFR 48 CFR 52.232-20 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.