48 CFR Part 2831 – Contract Cost Principles and Procedures
Current as of: 2024 | Check for updates
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| Subpart 2831.1 | Applicability |
| Subpart 2831.2 | Contracts With Commercial Organizations |
Terms Used In 48 CFR Part 2831 - Contract Cost Principles and Procedures
- Contract: A legal written agreement that becomes binding when signed.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Probable cause: A reasonable ground for belief that the offender violated a specific law.
- Trustee: A person or institution holding and administering property in trust.