Remove 2002 Remove Contract Administration Remove Distribution
article thumbnail

Government Contracts Cost and Pricing: Introduction to the Federal Acquisition Regulation Cost Principles (Part 1)

Government Contracts & Investigations

21] Unlike reasonableness, which turns on a qualitative judgment about the nature and amount of the cost, allocability is strictly an accounting concept for logically distributing costs to cost objectives ( e.g., contracts) to determine the applicable cost to charge. [22] 2002); see also Stanford Univ. 19] KBR Servs.,

Price 52
article thumbnail

Government Contracts Issues for a Recession

Procurement Notes

Additionally, generally, the reasonable costs of preparing, submitting, and negotiating an REA are contract administration costs, and consequently are also recoverable. Which could include overtime costs, or otherwise more expensive labor or materials—perhaps because those things are being obtained on an expedited basis. 122] See P.R.