Common use of Title under Cost-Reimbursement or Time-and- Material Contracts or Cost Clause in Contracts

Title under Cost-Reimbursement or Time-and- Material Contracts or Cost. Reimbursable line items under Fixed-Price contracts. (i) Title to all property purchased by the Contractor for which the Contractor is entitled to be reimbursed as a direct item of cost under this contract shall pass to and vest in the Government upon the vendor's delivery of such property. (ii) Title to all other property, the cost of which is reimbursable to the Contractor, shall pass to and vest in the Government upon - (A) Issuance of the property for use in contract performance; (B) Commencement of processing of (C) Reimbursement of the cost of

Appears in 5 contracts

Samples: Fixed Price Supplies and Services, Fixed Price Supplies and Services, Fixed Price Supplies and Services

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