Cost Allowability Clause Samples
The Cost Allowability clause defines which costs incurred by a party are eligible for reimbursement or inclusion under a contract. It typically outlines the criteria that expenses must meet—such as being reasonable, allocable, and compliant with applicable regulations or standards—to be considered allowable. For example, direct labor and materials may be allowable, while entertainment expenses are often excluded. This clause ensures that only appropriate and justified costs are charged to the contract, thereby preventing disputes and controlling project expenses.
Cost Allowability. Nothing in this clause is to be interpreted to make allowable or reasonable any costs which would be unallowable or unreasonable in accordance with Part 31 of the Federal Acquisition Regulation (FAR), or OMB Circulars dealing with cost allowability for recipients of assistance agreements. Conversely, costs made specifically unallowable by the requirements in this clause will not be made allowable under any of the provisions of FAR Part 31 or the relevant OMB Circulars.
Cost Allowability. Nothing in this clause makes allowable or reasonable any costs which would otherwise be unallowable or unreasonable. Conversely, costs made specifically unallowable by the requirements in this clause will not be made allowable under any other provision.
Cost Allowability. Nothing in this clause is to be interpreted to make allowable or reasonable any revenues which would be unallowable or unreasonable in accordance with Part 31 of the Federal Acquisition Regulation. Conversely, revenues made specifically unallowable by the requirements in this clause will not be made allowable under any of the provisions of Part 31 of the Federal Acquisition Regulation. Complete this form to disclose lobbying activities pursuant to 31 U.S.C. 1352 0348-0046
Cost Allowability. Nothing in this Clause is to be interpreted to make allowable or reasonable any costs which would be unallowable or unreasonable in accordance with Part 31 of the Federal Acquisition Regulation. Conversely, costs made specifically unallowable by the requirements in this Clause will not be made allowable under any of the provisions of Part 31 of the Federal Acquisition Regulation.
Cost Allowability. Nothing in this clause makes his or her client's proposal, but generally advocate one proposal allowable or reasonable any costs which would otherwise be over another are not allowable under this section because the unallowable or unreasonable. Conversely, costs made specifically lawyer is not providing professional legal services. Similarly, unallowable by the requirements in this clause will not be made communications with the intent to influence made by an engineer allowable under any other provision. providing an engineering analysis prior to the preparation or
Cost Allowability. Except as set forth on Schedule 5.10, all Company costs (both direct and/or indirect) that have been, prior to Closing, charged to any Government Contract shall be allowable in accordance with applicable cost accounting standards. All costs (both direct and/or indirect) to be charged to Company by Seller or any of its Affiliates pursuant to any existing subcontract agreements shall be allowable in accordance with applicable cost accounting standards.
Cost Allowability. Nothing in this clause is to be interpreted to make allowable or reasonable any costs which would be unallowable or unreasonable in accordance with Part 31 of the Federal Acquisition Regulation (FAR), or OMB Circulars dealing with cost allowability for recipients of assistance agreements. Conversely, costs made specifically unallowable by the requirements in this clause will not be made allowable under any of the provisions of FAR Part 31 or the relevant OMB Circulars. 10/96 Page 32 of 41 16. ORDER OF PRECEDENCE 4640.1 REV-1 APPENDIX 7 In the event of any inconsistency among any provisions of this grant, the following order of precedence shall apply:
(a) Statement of Work (excluding the grantee's proposal, if incorporated).
(b) Schedule of terms and conditions.
(c) Uniform Administrative Requirements.
(d) Grantee's Proposal (if incorporated).
Cost Allowability. All costs (both direct and/or indirect) charged to ISC or any of its affiliates pursuant to any existing subcontract agreements are allowable in accordance with applicable cost accounting standards.
Cost Allowability. Nothing in this clause makes over another are not allowable under this section because the allowable or reasonable any costs which would otherwise be lawyer is not providing professional legal services. Similarly, unallowable or unreasonable. Conversely, costs made specifically
Cost Allowability. (1) Cooperative agreements awarded to commercial firms are subject to the cost account- ing standards and principles of 48 CFR Chapter 99, as implemented by FAR Parts 30 and 31.
(2) If the recipient is a consortium which includes non-commercial enti- ties as members, cost allowability for those members will be determined as follows:
(i) Allowability of costs incurred by state, local or federally-recognized In- ▇▇▇▇ tribal governments is determined in accordance with the provisions of OMB Circular A–87, ‘‘Cost Principles for State and Local Governments.’’
(ii) The allowability of costs incurred by non-profit organizations is deter- mined in accordance with the provi- sions of OMB Circular A–122, ‘‘Cost Principles for Non-Profit Organiza- tions.’’
(iii) The allowability of costs in- curred by institutions of higher edu- cation is determined in accordance with the provisions of OMB Circular A– 21, ‘‘Cost Principles for Educational nstitutions.’’
(iv) The allowability of costs in- curred by hospitals is determined in ac- cordance with the provisions of ▇▇▇▇▇- ▇▇▇ E of 45 CFR part 74, ‘‘Principles for Determining Costs Applicable to Re- search and Development Under Grants and Contracts with Hospitals.’’
(3) A recipient’s method for account- ing for the expenditure of funds must be consistent with generally accepted accounting principles.