CONTRACT COST PRINCIPLES AND PROCEDURES Clause Samples

The "Contract Cost Principles and Procedures" clause establishes the rules and guidelines for determining which costs are allowable, allocable, and reasonable under a contract. It typically references specific regulations or standards, such as the Federal Acquisition Regulation (FAR) Part 31, to define how costs like labor, materials, overhead, and administrative expenses should be treated. By providing a clear framework for cost evaluation, this clause ensures consistency and fairness in cost reimbursement, helping to prevent disputes and misunderstandings between contracting parties.
CONTRACT COST PRINCIPLES AND PROCEDURES. If an item qualifies as reasonable and necessary, and the item is EMPG-coded on the FEMA AEL, then the Recipient does not need to obtain permission from the Division prior to purchasing the item in order to seek reimbursement. If the Recipient seeks reimbursement for the purchase of an item that is not EMPG-coded on the FEMA AEL, then the Recipient must receive permission from the Division prior to purchasing the item. If the Recipient purchases such an item without receiving permission from the Division beforehand, then the Division will not provide any reimbursement for that purchase. Allowable equipment includes equipment from the following AEL categories: • Personal Protective Equipment (PPE) (Category 1) • Information Technology (Category 4) • Cybersecurity Enhancement Equipment (Category 5) • Interoperable Communications Equipment (Category 6) • Detection Equipment (Category 7) • Power Equipment (Category 10) • Chemical, Biological, Radiological, Nuclear, and Explosive (CBRNE) Reference Materials (Category 11) • CBRNE Incident Response Vehicles (Category 12) • Physical Security Enhancement Equipment (Category 14) • CBRNE Logistical Support Equipment (Category 19) • Other Authorized Equipment (Category 21) The Authorized Equipment List (AEL) is a list of approved equipment types allowed under FEMA’s preparedness grant programs and can be located at ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/authorized-equipment-list. If Recipients have questions concerning the eligibility of equipment, they shall contact their Grant Manager for clarification. Recipients should analyze the cost benefits of purchasing versus leasing equipment, especially high cost items and those subject to rapid technical advances. Large equipment purchases must be identified and explained. For more information regarding property management standards for equipment, please reference 2 C.F.R. Part 200, including 2 C.F.R. §§ 200.310, 200.313, and 200.316.
View SourceView Similar (7)
CONTRACT COST PRINCIPLES AND PROCEDURES. Indirect costs are to be allocated to the project as a percentage of direct labor costs. The Consultant will be allowed to charge the project using its actual allowable Indirect Cost Rates (ICR); or if the ICR is unknown or unavailable, Consultant will be allowed to use the most recent provisional ICR approved by State. Increases in the ICR that occur during the project period will not be cause for an increase in the total agreement amount established in Section 2. MAXIMUM AGREEMENT AMOUNTS.
View SourceView Similar (6)
CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this contract shall be in full compliance with Subpart 31.2 of FAR (Subpart 31.3 for Educational Institutions) and the applicable agency supplements thereto, if any, set forth in Part II hereof. In the event such compliance is not maintained, Seller agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest, which are determined by Buyer’s customer to be unallowable or unreasonable or not allocable, under Buyer’s contract with its customer.
View SourceView Similar (5)
CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this Order shall be in full compliance with Subpart 31.2 of the FAR (Subpart 31.3 for Educational Institutions) and DFARS Subpart 31.2. In the event such compliance is not maintained, ▇▇▇▇▇▇ agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest that are determined by Customer to be unallowable or unreasonable or not allocable, under Buyer’s contract with its Customer.
View SourceView Similar (3)
CONTRACT COST PRINCIPLES AND PROCEDURES. ■ 1. The authority citation for 48 CFR part 31 continues to read as follows: AGENCIES: Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Final rule. 34810) on May 15, 2002, with a request for comments by July 15, 2002. On June 11, 2002, an amendment was published in the Federal Register (67 FR 40136) to correct an error in the Supplementary Information section accompanying the proposed rule. Six respondents submitted public comments. As a result of the comments received, the Councils made significant changes to the proposed FAR rule and published a second proposed FAR rule in the Federal Register (69 FR 4436) on January 29, 2004, with a request for comments by March 29, 2004. Nine respondents submitted comments in response to the second proposed FAR rule. A discussion of these public comments is provided below. The Councils considered all comments and concluded that the proposed rule should be converted to a U.S.C. chapter 137; and 42 U.S.C. 2473(c). ■ 2. Amend section 31.205–35 by revising paragraph (b)(4); and adding paragraphs (b)(5) and (b)(6) to read as follows:
View SourceView Similar (2)
CONTRACT COST PRINCIPLES AND PROCEDURES. The fee a company pays to a software vendor can also include services not included in the license like upgrades or software support Benefits to. Government contracts do not necessarily trigger an audit of a company's accounting. Fallow in determining costs under Government contracts We have. Practices are changed with or without agreement of the Government Also. JAMIS is well connected with many of the leading consulting firms that can. Part 1 addressed non-commercial item acquisition with adequate price. Unallowable Vs Non-billable Costs Strategic Consulting. Chapter 10
View Source
CONTRACT COST PRINCIPLES AND PROCEDURES. At a minimum, the Recipient shall continue to provide other funding for the Recipient's Emergency Management Agency at an amount equal to either: (1) the average of the previous three years' level of county general revenue funding of the Recipient's Emergency Management Agency; or (2) the level of funding for the Recipient's Emergency Management Agency for the last fiscal year, whichever figure is lower (Rule 9G-19.011, Florida Administrative Code). Recipient's general revenue funding for 911 services, emergency medical services, law enforcement, criminal justice, public works or other services outside the local emergency management agency as defined by Section 252.38, Florida Statutes, shall not be included in determining the "level of county funding of the Recipient's Emergency Management Agency." The Recipient shall certify compliance with Rule Chapter 9G-19, Florida Administrative by its execution of this Agreement, and as a condition precedent to receipt of funding. Federal funds provided under this Agreement shall be matched by the Recipient dollar for dollar from non-federal funds. All payments relating to the Agreement shall be mailed to the following address:
View Source
CONTRACT COST PRINCIPLES AND PROCEDURES. ■ 92. The authority citation for part 31 is revised to read as follows: provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.
View Source
CONTRACT COST PRINCIPLES AND PROCEDURES. (for determination of allowable costs of commercial, for-profit entities).
View Source

Related to CONTRACT COST PRINCIPLES AND PROCEDURES

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Policies and Procedures i) The policies and procedures of the designated employer apply to the employee while working at both sites. ii) Only the designated employer shall have exclusive authority over the employee in regard to discipline, reporting to the College of Nurses of Ontario and/or investigations of family/resident complaints. iii) The designated employer will ensure that the employee is covered by WSIB at all times, regardless of worksite, while in the employ of either home. iv) The designated employer will ensure that the employee is covered by liability insurance at all times, regardless of worksite, while in the employ of either home. v) The designated employer shall have exclusive authority over the employee’s personnel files and health records. These files will be maintained on the site of the designated employer.

  • Rules and Procedures The Benefit Society By-Laws will be amended to provide for a 6th Director with three Directors appointed by the Unions and three Directors appointed by the Corporation.

  • Policy and Procedures If the resident leaves the facility due to hospitalization or a therapeutic leave, the facility shall not be obligated to hold the resident’s bed available until his or her return, unless prior arrangements have been made for a bed hold pursuant to the facility’s “Bed Reservation Policy and Procedure” and pursuant to applicable law. In the absence of a bed hold, the resident is not guaranteed readmission unless the resident is eligible for Medicaid and requires the services provided by the facility. However, the resident may be placed in any appropriate bed in a semi-private room in the facility at the time of his or her return from hospitalization or therapeutic leave provided a bed is available and the resident’s admission is appropriate and meets the readmission requirements of the facility.

  • Violence Policies and Procedures The Employer agrees to have in place explicit policies and procedures to deal with violence. The policy will address the prevention of violence, the management of violent situations, provision of legal counsel and support to employees who have faced violence. The policies and procedures shall be part of the employee's health and safety policy and written copies shall be provided to each employee. Prior to implementing any changes to these policies, the employer agrees to consult with the Association.