Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.
Allowable Cost means an expenditure which meets the test of the Uniform Guidance (2CFR 200) (see “I. Federal Compliance”). The most significant factors affecting allowability of cost are;
Examples of Allowable Cost in a sentence
While work is progressing under CPFF items, the Government will make payments in accordance with FAR 52.216-7 "Allowable Cost and Payment" and FAR 52.232-25 ALT I "Prompt Payment".
The Contractor shall ensure a payment request includes documentation appropriate to the type of payment request in accordance with the payment clause, contract financing clause, or Federal Acquisition Regulation 52.216-7, Allowable Cost and Payment, as applicable.
More Definitions of Allowable Cost
Allowable Cost means an expenditure which meets the test of the appropriate Executive Office of the President of the United States’ Office of Management and Budget Circular. The most significant factors which determine whether a cost is allowable are the extent to which the cost is:
Allowable Cost means a cost allowable to a project if:
Allowable Cost means the facility's actual cost after appropriate adjustments as required by medical assistance regulations.
Allowable Cost means costs that are allowable under 2 CFR Part 225, “Cost Principles for States, Local Governments, and Indian Tribes”, 2 CFR Part 220, “Cost Principles for Educational Institutions”, and 2 CFR Part 230, “Cost Principles for Non-Profit Organizations”, as applicable, and their Attachments, and 2 CFR Parts 200.420-475, as applicable.
Allowable Cost means an expenditure which meets the test of the appropriate OMB Circular (see “III. Federal Compliance”). The most significant factors affecting allowability of cost are; 1) they must be necessary and reasonable, 2) they must be allocable, 3) they must be authorized or not prohibited under state or local laws and regulations, and 4) they must be adequately documented.
Allowable Cost means the program's actual and reasonable cost after appropriate adjustments for nonallowable costs, income, offsets, and limitations.