Cost-reimbursement contract

30 ILCS 500/1-15.35 — under Illinois Procurement Code.

30 ILCS 500/1-15.35

(30 ILCS 500/1-15.35)

Sec. 1-15.35. Cost-reimbursement contract.

"Cost-reimbursement contract" means a contract under which a contractor is reimbursed for costs that are allowable and allocable in accordance with the contract terms and the provisions of this Code, and a fee, if any.

(Source: P.A. 90-572, eff. 2-6-98.)