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§ 140.503 Definition.

23 CFR 140.503

Citation23 CFR 140.503
CorpusDaily eCFR
Displayed edition2026-09-11
Last updated2026-09-11

§ 140.503 Definition.

Administrative settlement costs are costs related to the defense and settlement of contract claims including, but not limited to, salaries of a contracting officer or his/her authorized representative, attorneys, and/or members of State boards of arbitration, appeals boards, or similar tribunals, which are allocable to the findings and determinations of contract claims, but not including administrative or overhead costs.