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 wasmade to incur the cost. The question of reasonableness is particularly
CFR 2-200.404-2013 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.