Current through September 30, 2024
(a) Establishing final indirect cost rates under this subpart provides-(1) Uniformity of approach with a contractor when more than one contract or agency is involved;(2) Economy of administration; and(3) Timely settlement under cost-reimbursement contracts.(b) Establishing billing rates provides a method for interim reimbursement of indirect costs at estimated rates subject to adjustment during contract performance and at the time the final indirect cost rates are established.