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NASCLAProcurement and Contracting Requirementsmedium

Why is cost documentation important in a cost-plus contract?

Correct Answer

D) Payment depends on allowable reimbursable costs and fee under the contract.

Cost-plus payment requires records supporting allowable cost and fee.

Answer Options
A
The contract price never uses cost records
B
Treat bid alternates as the only cost-plus audit support
C
Assume the owner has no right to audit cost-plus records
D
Payment depends on allowable reimbursable costs and fee under the contract.

Why This Is the Correct Answer

Cost-plus payment requires records supporting allowable cost and fee.

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