Cost Reimbursable Contract [Food And Nutrition Service] Law and Legal Definition

According to 7 CFR 210.2 [Title 7—Agriculture; Subtitle B -- Regulations of the Department of Agriculture; Chapter II -- Food And Nutrition Service, Department of Agriculture; Subchapter A -- Child Nutrition Programs - Part 210 -- National School Lunch Program; Subpart A – General], cost reimbursable contract means “a contract that provides for payment of incurred costs to the extent prescribed in the contract, with or without a fixed fee.”