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19-11-237. Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-11-237. Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts.
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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-11-237
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:19-11-237
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7e767b25dbb8e3ea378a3f3d26063519725ee9254f805457f787a070cedf4410
Source location: content.xml paragraph 15998
Stored source content
19-11-237. Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts.
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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