Common use of Allowable and Allocable Costs Clause in Contracts

Allowable and Allocable Costs. The cost principles and procedures as described in FAR 31.2 shall be followed. Specific guidance on the following can be found in this FAR subpart: a. Allowability b. Reasonableness c. Allocability d. Direct Costs e. Indirect Costs

Allowable and Allocable Costs. The cost principles and procedures as described in FAR 31.2 shall be followed. Specific guidance on the following can be found in this FAR subpart: a. Allowability b. Reasonableness c. Allocability d. :  Allowability  Reasonableness  Allocability  Direct Costs e. Costs  Indirect Costs