6672c05f_A_Foreign_Agricultural_Service__Provision_Title
(a) The Cooperator shall be reimbursed for costs incurred in carrying out the purposes of this Agreement which are determined by the Grants Management Officer to be reasonable, allocable, and allowable in accordance with the terms of this Agreement and the applicable cost principles in effect on the date of this Agreement. The Cooperator may obtain a copy of the applicable cost principles from the Grants Management Officer. Brief definitions of what may be considered as reasonable, allocable, and allowable costs are provided below; however, it is the Cooperator's responsibility to ensure that costs incurred are in accordance to the relevant federal Cost Principles. (1) Reasonable. Shall mean those costs that are generally recognized as ordinary and necessary and would be incurred by a prudent person in the conduct of normal business. (2) Allocable Costs. Shall mean those that are incurred specifically for the Agreement. (3) Allowable Costs. Shall mean those costs that conform to any limitations in the Agreement. (b) Prior to incurring a questionable or unique cost, the Cooperator shall obtain the Grants Management Officer's written determination on whether the cost will be allowable. (c) No funds provided under this Agreement shall be paid as profit or fee to the Cooperator or paid by the Cooperator to any sub cooperator under this Agreement. However, funds may be used to pay subcontractors profit or fees under this Agreement. (d) Failure to comply with indirect cost rate requirements may lead to substantial overpayments or underpayments. (e) The Cooperator must inform FAS, through the Grants Management Officer, of all applicable indirect cost rate adjustments. [CR Instructions] Applies to all CRs. [Provision Title] 
Allowable Costs
Cost Reimbursable Agreements - Administrative General Terms and Conditions | USDA Foreign Agricultural Service
Provision Title