Difference between revisions of "Determining Reasonableness"
From Knowledge base
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==Determining Reasonableness== | ==Determining Reasonableness== | ||
| − | What a prudent person would incur in the conduct of competitive business | + | What a prudent person would incur in the conduct of competitive business<ref>Burden of Proof is on the Contractor</ref> |
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== Considerations == | == Considerations == | ||
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*Generally recognized as necessary | *Generally recognized as necessary | ||
*Sound Business Practice | *Sound Business Practice | ||
| − | *What would have been incurred in an [[Arm's-Length Transaction]]<ref>FAR 31.201-3</ref> | + | *What would have been incurred in an [[Arm's-Length Transaction]]<ref>FAR 31.201-3</ref> |
| − | + | ||
==References and Notes== | ==References and Notes== | ||
<References/> | <References/> | ||
[[Category:FAR 31 - Cost Principles]] | [[Category:FAR 31 - Cost Principles]] | ||
Revision as of 18:57, 24 September 2013
Determining Reasonableness
What a prudent person would incur in the conduct of competitive business[1]
Considerations
- Generally recognized as ordinary
- Generally recognized as necessary
- Sound Business Practice
- What would have been incurred in an Arm's-Length Transaction[2]
