Losses On Other Contracts - FAR 31.205-23

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Losses on other contracts [1]

Allowable or Unallowable?

Unallowable

FAR Paraphrased

An excess of costs over income under any other contract (including the contractor’s contributed portion under cost-sharing contracts) is unallowable.

References and Notes

  1. ↑ 31.205-23
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