Common use of Guiding Principles for Determining Allowable or Unallowable Costs Clause in Contracts

Guiding Principles for Determining Allowable or Unallowable Costs. The following sections provide principles to be applied in determining if costs are allowable or unallowable. A particular item's exclusion from these sections shall not be construed as a determination that the excluded item is either allowable or unallowable. The determination of allowance in each case must be based on the treatment or standards provided for similar or related items of cost.

Guiding Principles for Determining Allowable or Unallowable Costs. The following sections provide principles to be applied in determining if costs are establishing the allowable or unallowableunallowable costs. A Failure to mention a particular item's exclusion from item of cost in these sections shall is not be construed as a determination intended to imply that the excluded item it is either allowable or unallowable. The determination of allowance allowability in each case must should be based on the treatment or standards provided for similar or related items of cost.