Section 27-3305. TOTAL COSTS

 

3305.1The total cost of a contract shall be the sum of the allowable direct and indirect costs allocable to the contract, incurred or to be incurred, less any allocable credits.

 

3305.2In ascertaining what constitutes a cost, the contracting officer may consider any generally accepted method of determining or estimating costs that is equitable and is consistently applied, including standard costs properly adjusted for applicable variances.

 

3305.3Whenever a contractor is required by the District to submit a price proposal, the contractor shall estimate costs in a manner consistent with generally accepted cost accounting practices which are consistently applied, and which are consistent with the provisions of this chapter.

 

source

Final Rulemaking published at 35 DCR 1652 (February 26, 1988).