Precontract Costs FAR 31.205-32
Question: Are the costs incurred before the effective date of the contract allowable and therefore chargeable to the contract? The answer appears simple enough. Lets start by defining what the types of costs you asked about are. They are called Precontract Costs. FAR 31.205-32 defines precontract costs as costs incurred before the effective date of the contract directly...
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