Sec. 36.30.480. Establishment and modification of cost principles.
71 words·~1 min read·
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Sec. 36.30.480. Establishment and modification of cost principles.
The commissioner shall adopt regulations setting out cost principles that shall be used to determine the allowability of incurred costs for the purpose of reimbursing costs under contract provisions that provide for the reimbursement of costs. If a written determination is approved at a level above the procurement officer, the cost principles may be modified by contract.
Article 7. Procurement Records and Reports.