Utah Admin. Code R33-12-607 - Applicable Credits
(1) Applicable
credits are receipts or price reductions which offset or reduce expenditures
allocable to contracts as direct or indirect costs Examples include purchase
discounts, rebates, allowance, recoveries or indemnification for losses, sale
of scrap and surplus equipment and materials, adjustments for overpayments or
erroneous charges, and income from employee recreational or incidental services
and food sales
Notes
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