§ 970.3101-00-70 Scope of subpart
§ 970.3101-9 Advance agreements
§ 970.3101-10 Indirect cost rate certification and penalties on unallowable costs
§ 970.3102-3-70 Home office expenses
§ 970.3102-05 Selected costs
§ 970.3102-05-4 Bonding costs
§ 970.3102-05-6 Compensation for personal services
§ 970.3102-05-18 Independent research and development and bid and proposal costs
§ 970.3102-05-19 Insurance and indemnification
§ 970.3102-05-22 Lobbying and political activity costs
§ 970.3102-05-28 Other business expenses
§ 970.3102-05-30 Patent costs
§ 970.3102-05-30-70 Patent costs and technology transfer costs
§ 970.3102-05-33 Professional and consultant service costs
§ 970.3102-05-46 Travel costs
§ 970.3102-05-47 Costs related to legal and other proceedings
§ 970.3102-05-70 Preexisting conditions
§ 970.3170 Contract clause

Terms Used In CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.31 - Contract Cost Principles and Procedures

  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.