[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR31.205-32]

[Page 603]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 31--CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents
 
          Subpart 31.2--Contracts With Commercial Organizations
 
Sec. 31.205-32  Precontract costs.

    Precontract costs means costs incurred before the effective date of 
the contract directly pursuant to the negotiation and in anticipation of 
the contract award when such incurrence is necessary to comply with the 
proposed contract delivery schedule. These costs are allowable to the 
extent that they would have been allowable if incurred after the date of 
the contract (see 31.109).

[48 FR 42301, Sept. 19, 1983, as amended at 66 FR 2131, Jan. 10, 2001]