Precontract costs.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Precontract costs. 31.205-32 Section 31.205-32 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT COST PRINCIPLES AND PROCEDURES Contracts With Commercial Organizations 31.205–32 Precontract costs. Precontract costs means costs incurred before the effective date of the contract directly pursuant to the negotiation and in anticipation of the contract award when such incurrence is necessary to comply with the proposed contract delivery schedule. These costs are allowable to the extent that they would have been allowable if incurred after the date of the contract (see 31.109). [48 FR 42301, Sept. 19, 1983, as amended at 66 FR 2131, Jan. 10, 2001]