PRICING OF ADJUSTMENTS. All price adjustments, including but not limited to Equitable Adjustments, under this Contract shall be based upon Seller's costs and a reasonable profit for work performed, unless profit is expressly excluded by terms of this Contract. The Company shall recognize costs that are reasonable, allowable and allocable under the standards of Part 31 of the Federal Acquisition Regulation (“FAR”, Title 48, Code of Federal Regulations) in effect on the date of this Contract.
Appears in 7 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
PRICING OF ADJUSTMENTS. All price adjustments, including but not limited to Equitable Adjustments, under this Contract shall be based upon Seller's costs and a reasonable profit for work performed, unless profit is expressly excluded by terms of this Contract. The Company shall recognize costs that are reasonable, allowable and allocable under the standards of Part 31 of the Federal Acquisition Regulation (“FAR”, Title 48, Code of Federal Regulations) in effect on the date of this Contract.
Appears in 5 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
