Basic guidelines
- Allowable
- necessary & reasonable
- allocable
- not prohibited under state/local laws/reg.
- conform w/ Fed. limitations/exclusions
- apply uniformly to Fed. & non-Fed. Activities
- consistent cost treatment
- conform w/ GAAP
- adequately documented
- not claimed on other Fed. Awards as cost or cost sharing
- Reasonable
- Prudent person factors
- ordinary & reasonable for activity
- sound business practices
- market prices
- significant deviation from established practices
- Allocable
- assessed to activities based on relative benefit
- assessed to all activities regardless of fund source
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