48 CFR 235.070-3 – Contract clauses
Current as of: 2024 | Check for updates
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When the contractor is to be indemnified in accordance with 235.070-1, use either—
Terms Used In 48 CFR 235.070-3
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
(a) The clause at 252.235-7000, Indemnification Under 10 U.S.C. § 3861—Fixed Price; or
(b) The clause at 252.235-7001, Indemnification Under 10 U.S.C. § 3861—Cost-Reimbursement, as appropriate.