A GMP has a contractor contingency line item. What governs whether a cost may be charged to that contingency?
Correct Answer
A) The contract's contingency-use terms and required approval process
Use of contingency is governed by the contract's contingency language and required approval or reporting process. Other choices ignore the contract controls for contingency use.
Why This Is the Correct Answer
Use of contingency is governed by the contract's contingency language and required approval or reporting process. Other choices ignore the contract controls for contingency use.
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