Difference between revisions of "Credits"

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[[Category:Definitions]]
 
[[Category:Definitions]]
 
[[Category:FAR 31 - Contract Cost Principles and Procedures]]
 
[[Category:FAR 31 - Contract Cost Principles and Procedures]]
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[[Category:Costs - Allowable or Unallowable]]

Revision as of 15:00, 6 December 2013

The applicable portion of any income, rebate, allowance, or other credit relating to any allowable cost and received by or accruing to the contractor shall be credited to the Government either as a cost reduction or by cash refund.[1]

References and Notes

  1. FAR 32.201-5