Difference between revisions of "Determining Reasonableness"
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(Created page with "==Determining Reasonableness== What a prudent person would incur in the conduct of competitive business == Considerations == *Generally recognized as ordinary *Generally reco...") |
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*Sound Business Practice | *Sound Business Practice | ||
*What would have been incurred in an [[Arm's-Length Transaction]]<ref>FAR 31.201-3</ref><ref>Burden of Proof is on the Contractor</ref> | *What would have been incurred in an [[Arm's-Length Transaction]]<ref>FAR 31.201-3</ref><ref>Burden of Proof is on the Contractor</ref> | ||
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| + | ==References and Notes== | ||
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[[Category:FAR 31 - Cost Principles]] | [[Category:FAR 31 - Cost Principles]] | ||
Revision as of 18:56, 24 September 2013
Determining Reasonableness
What a prudent person would incur in the conduct of competitive business
Considerations
- Generally recognized as ordinary
- Generally recognized as necessary
- Sound Business Practice
- What would have been incurred in an Arm's-Length Transaction[1][2]
