Ky. Rev. Stat. » Chapter 45A

Ky. Rev. Stat. § 45A.215

Cost principles regulations required

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The secretary of the Finance and Administration Cabinet shall issue regulations setting forth cost principles which shall be used: (1) As guidelines in the negotiation of: (a) Estimated costs or fixed prices when the absence of open market competition precludes the use of competitive sealed bidding; (b) Adjustments for state-directed changes or modifications in contract performance; and (c) Settlements of contracts which have been terminated. (2) To determine the allowability of incurred costs for the purpose of reimbursing costs under contract provisions which provide for the reimbursement of costs; and (3) As appropriate in any other situation where the determination of the estimated or the incurred costs of performing contracts may be required. Effective: January 1, 1979 History: Created 1978 Ky. Acts ch. 110, sec. 43, effective January 1, 1979.

Notes of Decisions
Cited in 1 case, 2014–2014 · leading case: Ford Contracting, Inc. v. Kentucky Transportation Cabinet
Sort: Relevance Newest Treatment
Ford Contracting, Inc. v. Kentucky Transportation Cabinet (2014) kyctapp · cites it 12× “Applicability of the Federal Cost Principles Ford asserts that KRS 45A.215 mandates use of the federal cost principles contained in 48 C.”
— Ky. Rev. Stat. § 45A.215(2) — 1 case
Ford Contracting, Inc. v. Kentucky Transportation Cabinet (2014) kyctapp “Applicability of the Federal Cost Principles Ford asserts that KRS 45A.215 mandates use of the federal cost principles contained in 48 C.”
— Ky. Rev. Stat. § 45A.215(3) — 1 case
Ford Contracting, Inc. v. Kentucky Transportation Cabinet (2014) kyctapp “Applicability of the Federal Cost Principles Ford asserts that KRS 45A.215 mandates use of the federal cost principles contained in 48 C.”
— Ky. Rev. Stat. § 45A.215(l)(c) — 1 case
Ford Contracting, Inc. v. Kentucky Transportation Cabinet (2014) kyctapp “Applicability of the Federal Cost Principles Ford asserts that KRS 45A.215 mandates use of the federal cost principles contained in 48 C.”
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