Common use of Disclosure and Consistency of Cost Accounting Practices Clause in Contracts

Disclosure and Consistency of Cost Accounting Practices. Foreign Concerns (a) The Seller, in connection with this subcontract, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, and Reporting Costs; and 48 CFR 9904.402, Consistency in Allocating Costs Incurred for the Same Purpose, in effect on the date of award of this subcontract, as indicated in 48 CFR 9904. (2) (Cost Accounting Standard (CAS)-covered Contracts Only). If it is a business unit of a company required to submit a Disclosure Statement, disclose in writing its cost accounting practices as required by 48 CFR 9903.202-1 through 48 CFR 9903.202-5. If the Seller has notified the Company that the Disclosure Statement contains trade secrets and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Company and the Government. (3) (i) Follow consistently the Seller's cost accounting practices. A change to such practices may be proposed, however, by the Company, the U. S. Government, or the Seller, and the Seller agrees to negotiate with the Company the terms and conditions under which a change may be made. After the terms and conditions under which the change is to be made have been agreed to, the change must be applied prospectively to this subcontract, and the Disclosure Statement, if affected, must be amended accordingly.

Disclosure and Consistency of Cost Accounting Practices. Foreign Concerns (a) The Seller, in connection with this subcontractAgreement, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, and Reporting Costs; and 48 CFR 9904.402, Consistency in Allocating Costs Incurred for the Same Purpose; 48 CFR 9904.405, Accounting for Unallowable Costs; and 48 CFR 9904.406, Cost Accounting Standard—Cost Accounting Period, in effect on the date of award of this subcontract, Agreement as indicated in 48 CFR Part 9904. (2) (Cost Accounting Standard (CAS)-covered CAS-covered Contracts Only). ) If it is a business unit of a company required to submit a Disclosure Statement, ,! disclose in writing its cost accounting practices as required by 48 CFR 9903.202-1 through 48 CFR 9903.202-5. If the Seller has notified the Company Subcontract Administrator that the Disclosure Statement contains trade secrets and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Company and the Government. (3) (i) Follow consistently the Seller's cost accounting practices. A change to such practices may be proposed, however, by either the Company, the U. S. Government, Company or Government or the Seller, and the Seller agrees to negotiate with the Company Subcontract Administrator the terms and conditions under which a change may be made. After the terms and conditions under which the change is to be made have been agreed to, the change must be applied prospectively to this subcontractAgreement, and the Disclosure Statement, if affected, must be amended accordingly.

Disclosure and Consistency of Cost Accounting Practices. Foreign Concerns (a) The Seller, in connection with this subcontract, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, and Reporting Costs; and 48 CFR 9904.402, Consistency in Allocating Costs Incurred for the Same Purpose, in effect on the date of award of this subcontract, as indicated in 48 CFR 9904. (2) (Cost Accounting Standard (CAS)-covered Contracts Only). If it is a business unit of a company required to to! submit a Disclosure Statement, disclose in writing its cost accounting practices as required by 48 CFR 9903.202-1 through 48 CFR 9903.202-5. If the Seller has notified the Company that the Disclosure Statement contains trade secrets and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Company and the Government. (3) (i) Follow consistently the Seller's cost accounting practices. A change to such practices may be proposed, however, by the Company, the U. S. Government, or the Seller, and the Seller agrees to negotiate with the Company the terms and conditions under which a change may be made. After the terms and conditions under which the change is to be made have been agreed to, the change must be applied prospectively to this subcontract, and the Disclosure Statement, if affected, must be amended accordingly.

Disclosure and Consistency of Cost Accounting Practices. Foreign Concerns (a) The Seller, in connection with this subcontract, shall— (1) Comply with the requirements of 48 CFR 9904.401, Consistency in Estimating, Accumulating, and Reporting Costs; and 48 CFR 9904.402, Consistency in Allocating Costs Incurred for the Same Purpose, in effect on the date of award of this subcontract, as indicated in 48 CFR 9904. (2) (Cost Accounting Standard (CAS)-covered Contracts Only). If it is a business unit of a company required to submit a Disclosure Statement, disclose in writing its cost accounting practices as required by 48 CFR 9903.202-1 through 48 CFR 9903.202-5. If the Seller has notified the Company that the Disclosure Statement contains trade secrets and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Company and the Government. (3) (i) Follow consistently the Seller's cost accounting practices. A change to such practices may be proposed, however, by the Company, either the U. S. Government, Government or the Seller, and the Seller agrees to negotiate negotiated with the Company and the Government the terms and conditions under which a change may be made. After the terms and conditions under which the change is to be made have been agreed to, the change must be applied prospectively to this subcontract, and the Disclosure Statement, if affected, must be amended accordingly.