48 CFR § 42.701 - 42.701 Definition.

---
identifier: "/us/cfr/t48/s42.701"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 42.701 - 42.701   Definition."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "42.701"
section_name: "42.701   Definition."
chapter_number: 1
chapter_name: "FEDERAL ACQUISITION REGULATION"
subchapter_number: "G"
subchapter_name: "CONTRACT MANAGEMENT"
part_number: "42"
part_name: "CONTRACT ADMINISTRATION AND AUDIT SERVICES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113."
regulatory_source: "48 FR 42370, Sept. 19, 1983, unless otherwise noted."
cfr_part: "42"
---


# 42.701 42.701   Definition.

*Billing rate* as used in this subpart means an indirect cost rate (1) established temporarily for interim reimbursement of incurred indirect costs and (2) adjusted as necessary pending establishment of final indirect cost rates.

[48 FR 42370, Sept. 19, 1983, as amended at 59 FR 11387, Mar. 10, 1994; 63 FR 9064, Feb. 23, 1998; 66 FR 2133, Jan. 10, 2001]