Difference between revisions of "Determing Allocability"
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Revision as of 11:21, 26 September 2013
Determing Allocability[1]
Allocable if assignable or chargeable to one or more cost objectives on the basis of relative benefits received or other equitable relationship.
Allocable costs may:
- Be incurred specifically for the contract, or
- Benefit both a contract and other work, and the costs can be distributed in a reasonable and equitable proportion to the benefits received, or
- Are necessary to the overall operation of the business.
References and Notes
- ↑ FAR 31.201-4
