Difference between revisions of "Composition of Total Costs"
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== The Total Cost of a Contract is: == | == The Total Cost of a Contract is: == | ||
* Sum of the Direct and Indirect costs allocable to the contract, incurred or to be incurred, | * Sum of the Direct and Indirect costs allocable to the contract, incurred or to be incurred, | ||
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==References and Notes== | ==References and Notes== | ||
<References/> | <References/> | ||
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Latest revision as of 11:13, 28 March 2015
Allowable or Unallowable:
Source:
Contents |
The Total Cost of a Contract is:
- Sum of the Direct and Indirect costs allocable to the contract, incurred or to be incurred,
- Plus and allocable cost of money.
Methods for Compiling Cost of a Contract
- Any generally accepted method of determining or estimating costs that is equitable and is consistently applied may be used.
Specific Costs
- Total cost of a contract includes all costs properly allocable to the contract.
- Allowable costs to the Government is limited to the allocable costs that are allowed under this FAR section, FAR 31 - Cost Principles, and applicable agency supplements.[1]
References and Notes
- ↑ FAR 31.201-1
