Administrative Settlement Costs Law and Legal Definition

Administrative settlement costs means “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.” [23 Cfr 140.503; Title 23 Highways; Chapter I-Federal Highway Administration, Department Of Transportation; Subchapter B-Payment Procedures; Part 140-Reimbursement; Subpart E-Administrative Settlement Costs-Contract Claims]