Common use of Costs of Audits Clause in Contracts

Costs of Audits. Until U.S. DOT promulgates new regulations that will supersede and apply in lieu of U.S. OMB’s cost principles provided in 49 C.F.R. parts 18 and 19, audit costs for Project administration and management are allowable as authorized by Federal Cost Principles in 2 C.F.R. part 200,