[Code of Federal Regulations]

[Title 48, Volume 7]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR9904.401-40]



[Page 354]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

     CHAPTER 99--COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL 

           PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET

 

PART 9904_COST ACCOUNTING STANDARDS--Table of Contents

 

Sec. 9904.401-40  Fundamental requirement.



    (a) A contractor's practices used in estimating costs in pricing a 

proposal shall be consistent with his cost accounting practices used in 

accumulating and reporting costs.

    (b) A contractor's cost accounting practices used in accumulating 

and reporting actual costs for a contract shall be consistent with his 

practices used in estimating costs in pricing the related proposal.

    (c) The grouping of homogeneous costs in estimates prepared for 

proposal purposes shall not per se be deemed an inconsistent application 

of cost accounting practices under paragraphs (a) and (b) of this 

section when such costs are accumulated and reported in greater detail 

on an actual cost basis during contract performance.