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Get the free 232-20, 'Limitation of Costs'

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1. CONTRACT ID CODE2. AMENDMENT/MODIFICATION NO.3. EFFECTIVE DATEP00006 6. ISSUED BYCODEPAGE OF PAGESUAMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT14. REQUISITION/PURCHASE REQ. NO.12Dec2017 N0017825.
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To fill out the 232-20 limitation of costs form, follow these steps:
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Start by gathering all the necessary information, including the contract number, name of the contractor, and the amount of the limitation of costs.
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Open the form 232-20 and enter the required details in the corresponding fields.
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The 232-20 limitation of costs form may be needed by organizations or departments that have contracts with cost limitations. It is typically used in government contracting to track and control costs within a specified budget for a particular project or program. Contractors, procurement officers, and project managers may be among the individuals or entities who need to fill out this form.
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The 232-20 limitation of costs is a regulation that sets a cap on the amount of costs that can be charged to a government contract.
Government contractors who are working on a contract subject to the limitation of costs clause are required to file the 232-20 limitation of costs.
Contractors must accurately report their costs and ensure they do not exceed the limitation set by the regulation when filling out the 232-20 limitation of costs form.
The purpose of the 232-20 limitation of costs is to prevent government contractors from overcharging for costs incurred on a contract.
Contractors must report detailed information about their incurred costs, including direct and indirect costs, to ensure compliance with the regulation.
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