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Electronic Code of Federal Regulations

e-CFR Data is current as of September 18, 2014

Title 48Chapter 1Subchapter EPart 31 → Subpart 31.3


Title 48: Federal Acquisition Regulations System
PART 31—CONTRACT COST PRINCIPLES AND PROCEDURES


Subpart 31.3—Contracts With Educational Institutions


Contents
31.301   Purpose.
31.302   General.
31.303   Requirements.

31.301   Purpose.

This subpart provides the principles for determining the cost of research and development, training, and other work performed by educational institutions under contracts with the Government.

31.302   General.

Office of Management and Budget (OMB) Circular No. A-21, Cost Principles for Educational Institutions, revised, provides principles for determining the costs applicable to research and development, training, and other work performed by educational institutions under contracts with the Government.

31.303   Requirements.

(a) Contracts that refer to this subpart 31.3 for determining allowable costs under contracts with educational institutions shall be deemed to refer to, and shall have the allowability of costs determined by the contracting officer in accordance with, the revision of OMB Circular A-21 in effect on the date of the contract.

(b) Agencies are not expected to place additional restrictions on individual items of cost.



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