[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: 48CFR31.205-48]

[Page 618]
 
            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. 31.205-48  Deferred research and development costs.

    Research and development, as used in this section, means the type of 
technical effort described in 31.205-18 but sponsored by a grant or 
required in the performance of a contract. When costs are incurred in 
excess of either the price of a contract or amount of a grant for 
research and development effort, the excess is unallowable under any 
other Government contract.

[65 FR 46072, July 26, 2000]