Common use of APPLICABLE COST PRINCIPLES Clause in Contracts

APPLICABLE COST PRINCIPLES. If applicable, for each type of organization, there is a set of Federal principals for determining allowable costs. Allowable costs will be determined in accordance with applicable Federal cost principles specific to the organization incurring the costs (e.g. Federal OMB Circulars A-87, A-122, A-21, etc.) and State requirements.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement