Common use of Reimbursing costs Clause in Contracts

Reimbursing costs. (1) For the purpose of reimbursing allowable costs (except as provided in subparagraph (b)(2) of this clause, with respect to pension, deferred profit sharing, and employee stock ownership plan contributions), the term costs includes only -- (i) Those recorded costs that, at the time of the request for reimbursement, the Contractor has paid by cash, check, or other form of actual payment for items or services purchased directly for the contract; (ii) When the Contractor is not delinquent in paying costs of contract performance in the ordinary course of business, costs incurred, but not necessarily paid, for -- (A) Supplies and services purchased directly for the contract and associated financing payments to subcontractors, provided payments determined due will be made (1) In accordance with the terms and conditions of a subcontract or invoice; and (2) Ordinarily within 30 days of the submission of the Contractors payment request to the Government; (B) Materials issued from the Contractors inventory and placed in the production process for use on the contract; (C) Direct labor; (D) Direct travel; (E) Other direct in-house costs; and (F) Properly allocable and allowable indirect costs, as shown in the records maintained by the Contractor for purposes of obtaining reimbursement under Government contracts; and (iii) The amount of financing payments that have been paid by cash, check or other form of payment to subcontractors. (2) Accrued costs of Contractor contributions under employee pension plans shall be excluded until actually paid unless (i) The Contractors practice is to make contributions to the retirement fund quarterly or more frequently; and

Reimbursing costs. (1) For the purpose of reimbursing allowable costs (except as provided in subparagraph (b)(2) of this clause, with respect to pension, deferred profit sharing, and employee stock ownership plan contributions), the term costs includes only -- (i) Those recorded costs that, at the time of the request for reimbursement, the Contractor has paid by cash, check, or other form of actual payment for items or services purchased directly for the contract; (ii) When the Contractor is not delinquent in paying costs of contract performance in the ordinary course of business, costs incurred, but not necessarily paid, for -- (A) Supplies and services purchased directly for the contract and associated financing payments to subcontractors, provided payments determined due will be made (1) In accordance with the terms and conditions of a subcontract or invoice; and (2) Ordinarily within 30 days of the submission of the Contractors payment request to the Government; contract; (B) Materials issued from the Contractors inventory and placed in the production process for use on the contract;the (C) Direct labor; (D) Direct travel; (E) Other direct in-house costs; and (F) Properly allocable and allowable indirect costs, as shown in the records maintained by the Contractor for purposes of obtaining reimbursement under Government contracts; and (iii) The amount of financing payments that have been paid by cash, check or other form of payment to subcontractors. . (2) Accrued costs of Contractor contributions under employee pension plans shall be excluded until actually paid unless unless (i) The Contractors practice is to make contributions to the retirement fund quarterly or more frequently; and (ii) The contribution does not remain unpaid 30 days after the end of the applicable quarter or shorter payment period (any contribution remaining unpaid shall be excluded from the Contractors indirect costs for payment purposes).

Reimbursing costs. (1) For the purpose of reimbursing allowable costs (except as provided in subparagraph (b)(22) of this clausebelow, with respect to pension, deferred profit sharing, and employee stock ownership plan contributions), the term costs "costs" includes only --only: (i) Those recorded costs thatwhich, at the time of the request for reimbursement, the Contractor Seller has paid by cash, check, or other form of actual payment for items or services purchased purchases directly for the contract;this purchase order. (ii) When the Contractor Seller is not delinquent in paying costs of contract purchase order performance in the ordinary course of business, costs incurred, but not necessarily paid, for --for (A) Supplies and services purchased directly for the contract and associated financing payments to subcontractors, provided payments determined due will be mademade – (1) In accordance with the terms and conditions of a subcontract or invoice; and (2) Ordinarily within 30 days of the submission of the Contractors Seller’s payment request to the GovernmentBuyer; (B) Materials issued from the Contractors Seller's inventory and placed in the production process for use on the contractthis purchase order; (C) Direct labor; (D) Direct travel; (E) Other direct in-house costs; and (F) Properly allocable and allowable indirect costs, as shown in the records maintained by the Contractor Seller for purposes of obtaining reimbursement under Government contracts; and (iii) The amount of financing payments that have been paid by cash, check check, or other form forms of payment to Seller's subcontractors. (2) Accrued costs of Contractor contributions under employee pension plans shall be excluded until actually paid unless (i) The Contractors practice is to make contributions to the retirement fund quarterly or more frequently; and.