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RULES AND REGULATIONS7278applicability, and reasonableness of the costs charged to the contract work. (b) The review of special research support agreements will be made on a selective basis with the

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How to fill out cost principles for cost-reimbursement

01

Understand the specific cost principles that apply to cost-reimbursement contracts.

02

Obtain a copy of the cost principles and familiarize yourself with the requirements.

03

Identify the allowable and unallowable costs for reimbursement.

04

Record all costs accurately and keep detailed documentation to support each cost.

05

Submit the cost proposal in accordance with the cost principles and any additional requirements specified in the contract.

Who needs cost principles for cost-reimbursement?

01

Government contractors who are awarded cost-reimbursement contracts.

02

Contracting officers and auditors who review cost proposals for reimbursement.

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What is cost principles for cost-reimbursement?

Cost principles for cost-reimbursement are guidelines and rules that dictate what costs are allowable and reasonable to be reimbursed.

Who is required to file cost principles for cost-reimbursement?

Organizations receiving cost-reimbursement contracts are required to follow and file cost principles.

How to fill out cost principles for cost-reimbursement?

Cost principles for cost-reimbursement can be filled out by detailing all costs incurred during the project or contract period in accordance with the guidelines.

What is the purpose of cost principles for cost-reimbursement?

The purpose of cost principles for cost-reimbursement is to ensure that only reasonable and allowable costs are reimbursed by the government or contracting entity.

What information must be reported on cost principles for cost-reimbursement?

Cost principles for cost-reimbursement should include details of all costs incurred, supporting documentation, and explanation for any exceptions to the guidelines.

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