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Arkansas Code Title 19. Public Finance § 19-11-237. Cost-plus-a-percentage-of-cost contracts--Cost-plus-a-fixed-fee contracts

Current as of March 28, 2024 | Updated by Findlaw Staff

As used in this subchapter, unless the context otherwise requires, the cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee system may be used under the authority of the State Procurement Director when:

(1) There exists no other economically practicable price arrangement to secure the commodity;

(2) A cost saving may be proved over the least expensive alternative; or

(3) The pricing schedule involved is tied to an industry standard or other reliable system of cost prediction.

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Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-11-237. Cost-plus-a-percentage-of-cost contracts--Cost-plus-a-fixed-fee contracts - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-11-237/

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