CFR 2-200.404-2014 Grants and agreements. Part200:Uniform administrative requirements, cost prin ciples, and audit requirements for federal awards. SubpartE:Cost principles. Section200.404:Reasonable costs.
A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost. The question of reasonableness is particularly important when the non-Federal entity is predominantly federally-funded. In determining reasonableness of a given cost, consideration must be given to:
CFR 2-200.404-2014 history
2014CFR 2-200.404-2014 Grants and agreements. Part200:Uniform administrative requirements, cost prin ciples, and audit requirements for federal awards. SubpartE:Cost principles. Section200.404:Reasonable costs.
2013CFR 2-200.404-2013 Grants and Agreements. Part200:Uniform administrative requirements, cost principles,and audit requirements for Federal awards. Section200.404:Reasonable costs.