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The document outlines the terms and conditions for a Cost-Plus-Fixed-Fee (CPFF) or Cost-Plus-Incentive-Fee (CPIF) contract under U.S. Government procurement. It details the acceptance of purchase orders, allowable costs and payment procedures, invoicing requirements, fixed and incentive fee structures, limitations on costs and funds, and various compliance obligations. Additionally, it covers aspects such as delivery schedules, dispute resolution, indemnity clauses, inspection rights, intellectual property rights, and termination procedures. The document emphasizes adherence to federal regulations and provides guidelines for managing government-furnished property.

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