Trade, Business, Technical and Professional Activity Costs 31.205-43
From Knowledge base
Allowable or Unallowable: Allowable
Source: FAR
Contents |
Trade, Business, Technical and Professional Activity Costs [1]
Generally allowable. For Specifics See Below.
Allowable Costs
FAR Summary
The following types of costs are allowable:
(a) Memberships in trade, business, technical, and professional organizations.
(b) Subscriptions to trade, business, professional, or other technical periodicals.
(c) When the principal purpose of a meeting, convention, conference, symposium, or seminar is the dissemination of trade, business, technical or professional information or the stimulation of production or improved productivity—
- (1) Costs of organizing, setting up, and sponsoring the meetings, conventions, symposia, etc., including rental of meeting facilities, transportation, subsistence, and incidental costs;
- (2) Costs of attendance by contractor employees, including travel costs (see 31.205-46); and
- (3) Costs of attendance by individuals who are not employees of the contractor, provided—
- (i) Such costs are not also reimbursed to the individual by the employing company or organization, and
- (ii) The individuals attendance is essential to achieve the purpose of the conference, meeting, convention, symposium, etc.
Unallowable Costs
Trade shows where (c) above is not met. Trade shows, where the principal purpose is selling, and not foreign sales.
- Dining Clubs
- Red Carpet/Airline Clubs
References and Notes
- ↑ FAR 31.205-43
