Cost Effective Law and Legal Definition

According to 15 USCS § 5802 (4), [Title 15. Commerce and Trade; Chapter 84. Commercial Space Competitiveness] the term cost effective means “costing no more than the available alternatives, determined by a comparison of all related direct and indirect costs including, in the case of Government costs, applicable Government labor and overhead costs as well as contractor charges, and taking into account the ability of each alternative to accommodate mission requirements as well as the related factors of risk, reliability, schedule, and technical performance.”