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110923 GOVERNMENTAL GRANT CONTRACT (cost reimbursement grant contract with a federal or Tennessee local governmental entity or their agents and instrumentalities)Begin Attend Date July 1, 2024Agency
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Subpart 163 - cost-reimbursement refers to a section of federal regulations that governs the cost-reimbursement contracts, where the contractor is reimbursed for allowable costs incurred in the performance of the contract.
Entities that are involved in cost-reimbursement contracts with federal agencies are required to file under subpart 163, including contractors and subcontractors.
Filling out subpart 163 involves accurately reporting the allowable costs, attaching necessary documentation, and ensuring compliance with the specific guidelines set forth by the relevant federal agency.
The purpose of subpart 163 is to establish the framework and requirements for reporting costs under cost-reimbursement contracts, ensuring proper accountability and transparency in financial reporting.
Information required includes detailed breakdowns of incurred costs, allocation of indirect costs, and any unallowable costs as per federal guidelines.
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