Common use of APPLICABLE COST PRINCIPLES Clause in Contracts

APPLICABLE COST PRINCIPLES. For each kind of organization, there is a set of Federal principles for determining allowable costs. Allowable costs will be determined in accordance with the cost principles applicable to the organization incurring the costs. The following chart lists the kinds of organizations and the applicable cost principles. [Table follows on next page] State, local or Indian tribal government 2 CFR part 225 Private nonprofit organization other than an (1) institution of higher education, (2) hospital, or (3) organization named in OMB Circular A-122 as not subject to that circular 2 CFR part 230 Educational institutions. 2 CFR part 220 For-profit organization other than a hospital and an organization named in OBM Circular A-122 as not subject to that circular 48 CFR part 31, Contract Cost Principles and Procedures, or uniform cost accounting standards that comply with cost principles acceptable to the Federal agency.

APPLICABLE COST PRINCIPLES. For each kind of organization, there is a set of Federal principles for determining allowable costs. Allowable costs will be determined in accordance with the cost principles applicable to the organization incurring the costs. The following chart lists the kinds of organizations and the applicable cost principles. [Table follows on next page] State, local or Indian tribal government 2 CFR part 225 government. OMB Circular A-87. Private nonprofit organization other than an (1) institution 1)institution of higher education, (2) hospital2)hospital, or (3) organization named in OMB Circular A-122 as not subject to that circular 2 CFR part 230 circular. OMB Circular A-122. Educational institutions. 2 CFR part 220 OMB Circular A-21. For-profit organization other than a hospital and an organization named in OBM OMB Circular A-122 as not subject to that circular circular. 48 CFR part Part 31, . Contract Cost Principles and Procedures, or uniform cost accounting standards that comply with cost principles acceptable to the Federal agency.. For-profit organization other than a hospital and an organization named in OMB Circular A-122 as not subject to that 48 CFR 931.2 circular. Hospitals 45 CFR Part 74, Appendix E