Current through December 3, 2024
Section 835-RICR-30-00-1.14 - Cost and Pricing PrinciplesA. Except as otherwise provided by contract, the NBC shall use generally accepted accounting principles for the following:1. As guidelines in the negotiations of:a. Estimated costs for a contract when the absence of open market competition precludes the use of competitive sealed bidding or price proposals; and b. Adjustments for changes or modification in contract performance required by the NBC; and c. Settlement of contracts that have been terminated.2. To determine the eligibility of incurred costs for the purposes of reimbursing costs under contract provisions that provide for the reimbursement of costs; and3. As appropriate in any other situation where determinations of the estimated or incurred costs of performing a contract may be required.835 R.I. Code R. 835-RICR-30-00-1.14