Common use of Allowability of Costs Clause in Contracts

Allowability of Costs. Determination of allowable costs will be made in accordance with the applicable Federal cost principles, e.g., OMB Circular A-

Allowability of Costs. Determination of allowable costs will be made in accordance with the applicable Federal cost principles, e.g., OMB Circular A-A-87 (2 C.F.R. Part 225). Disallowed costs are those charges determined to not be allowed in accordance with the applicable Federal cost principles or other conditions contained in this Agreement.