Exam (elaborations)
Certified Federal Contracts Manager (CFCM) Exam with Questions and Answers| Latest Update| Verifed
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A cost is reasonable if, in its nature and amount, it does not exceed - that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - after the incurrence of the costs involved. Under the Assignment of Claims Act, a contrac...
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