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

Principles for Determining Allowable or Unallowable Costs. The following sections provide principles to be applied in establishing the allowability or unallowability of certain items of cost. These principles apply whether a cost is treated as direct or indirect. A costs is allowable for federal or state reimbursement only to the extent of benefits received by federal or state awards and its conformance with the general policies and principles stated above in this appendix. Failure to mention a particular item of cost in these sections is not intended to imply that it is either allowable or unallowable; rather, determination of allowability in each case should be based on the treatment or standards provided for similar or related items of cost.

Principles for Determining Allowable or Unallowable Costs. The following sections provide principles to be applied in establishing the allowability or unallowability of whether certain items of costcost are allowable or unallowable. These principles apply whether a cost is treated as direct or indirect. A costs cost is allowable for federal or state reimbursement only to the extent of benefits received by federal or state awards and its conformance with the general policies and principles stated above in this appendixAppendix. Failure to mention a particular item of cost in these sections is not intended to imply that it is either allowable or unallowable; rather, determination of allowability in each case should be based on the treatment or standards provided for similar or related items of cost.