[Comments on Proposed Addition to FAR]
B-220943
Published: Nov 21, 1985. Publicly Released: Nov 21, 1985.
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Highlights
GAO commented on a proposal to add a Federal Acquisition Regulation (FAR) to the FAR contract cost principles. GAO had no objection to the proposed addition which states that premiums for retroactive or backdated insurance written to cover occurred and known losses are not allowable as costs that may be recovered under government contracts.
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