800 R.I. Code R. 800-RICR-00-00-6.7

Current through December 3, 2024

Section 800-RICR-00-00-6.7 - Cost and Pricing Principles

A. Except as otherwise provided by contract, the President and CEO shall determine appropriate cost principles to be used in determining the:

1. Estimated costs of fixed prices when the absence of open market competition precludes the use of competitive sealed bidding;

2. Adjustments for state-directed changes or modifications in contract performances;

3. Settlements of contracts which have been terminated; and

4. Validity of incurred costs for the purpose of reimbursing costs under contract provisions.

800 R.I. Code R. 800-RICR-00-00-6.7

Amended effective 12/11/2018