{"data":{"id":"us/48-cfr-9903.301","jurisdiction":"us","citation":"48 CFR 9903.301","heading":"9903.301 Definitions.","body":"(a) The definitions set forth below apply to this chapter 99.\nAccrued benefit cost method. See 9904.412-30.\nAccumulating costs. See 9904.401-30.\nActual cash value. See 9904.416-30.\nActual cost. See 9904.401-30 for the broader definition and 9904.407-30 for a more restricted definition applicable only to the standard on the use of standard costs for direct material and direct labor.\nActuarial assumption. See 9904.412-30 or 9904.413-30.\nActuarial cost method. See 9904.412-30 or 9904.413-30.\nActuarial gain and loss. See 9904.412-30 or 9904.413-30.\nActuarial liability. See 9904.412-30 or 9904.413-30.\nActuarial valuation. See 9904.412-30 or 9904.413-30.\nAllocate. See 9904.402-30, 9904.403-30, 9904.406-30, 9904.410-30, 9904.411-30, 9904.418-30 or 9904.420-30.\nAsset accountability unit. See 9904.404-30.\nAssignment of cost to cost accounting periods. See 9903.302-1(b).\nBid and proposal (B\u0026P) cost. See 9904.420-30.\nBusiness unit. See 9904.410-30, 9904.411-30 or 9904.414-30.\nCAS-covered contract, as used in this part, means any negotiated contract or subcontract in which a CAS clause is required to be included.\nCategory of material. See 9904.411-30.\nChange to a cost accounting practice. See 9903.302-2.\nCompensated personal absence. See 9904.408-30.\nCost accounting practice. See 9903.302-1.\nCost input. See 9904.410-30.\nCost objective. See 9904.402-30, 9904.406-30, 9904.410-30 or 9904.411-30.\nCost of capital committed to facilities. See 9904.414-30.\nCurrently performing, as used in this part, means that a contractor has been awarded a contract, but has not yet received notification of final acceptance of all supplies, services, and data deliverable under the contract (including options).\nDeferred compensation. See 9904.415-30.\nDefined-benefit pension plan. See 9904.412-30.\nDefined-contribution pension plan. See 9904.412-30.\nDirect cost. See 9904.402-30 or 9904.418-30.\nDirectly associated cost. See 9904.405-30.\nDisclosure statement, as used in this part, means the Disclosure Statement required by 9903.202-1.\nEntitlement. See 9904.408-30.\nEstimating costs. See 9904.401-30.\nExpressly unallowable cost. See 9904.405-30.\nFacilities capital. See 9904.414-30.\nFinal cost objective. See 9904.402-30 or 9904.410-30.\nFiscal year. See 9904.406-30.\nFunded pension cost. See 9904.412-30.\nFunding agency. See 9904.412-30.\nGeneral and administrative (G\u0026A) expense. See 9904.410-30 or 9904.420-30.\nHome office. See 9904.403-30 or 9904.420-30.\nImmediate-gain actuarial cost method. See 9904.413-30.\nIndependent research and development (IR\u0026D) cost. See 9904.420-30.\nIndirect cost. See 9904.402-30, 9904.405-30, 9904.418-30 or 9904.420-30.\nIndirect cost pool. See 9904.401-30, 9904.402-30, 9904.406-30 or 9904.418-30.\nInsurance administration expenses. See 9904.416-30.\nIntangible capital asset. See 9904.414-30 or 9904.417-30.\nLabor cost at standard. See 9904.407-30.\nLabor-rate standard. See 9904.407-30.\nLabor-time standard. See 9904.407-30.\nMaterial cost at standard. See 9904.407-30.\nMaterial inventory record. See 9904.411-30.\nMaterial-price standard. See 9904.407-30.\nMaterial-quantity standard. See 9904.407-30.\nMeasurement of cost. See 9904.302-1(c).\nMoving average cost. See 9904.411-30.\nMultiemployer pension plan. See 9904.412-30.\nNegotiated subcontract, as used in this part, means any subcontract except a firm fixed-price subcontract made by a contractor or subcontractor after receiving offers from at least two persons not associated with each other or with such contractor or subcontractor, providing\n(1) The solicitation to all competitors is identical,\n(2) Price is the only consideration in selecting the subcontractor from among the competitors solicited, and\n(3) The lowest offer received in compliance with the solicitation from among those solicited is accepted.\nNet awards, as used in this chapter, means the total value of negotiated CAS-covered prime contract and subcontract awards, including the potential value of contract options, received during the reporting period minus cancellations, terminations, and other related credit transactions.\nNormal cost. See 9904.412-30 or 9904.413-30.\nOriginal complement of low cost equipment. See 9904.404-30.\nPay-as-you-go cost method. See 9904.412-30.\nPension plan. See 9904.412-30 or 9904.413-30.\nPension plan participant. See 9904.413-30.\nPricing. See 9904.401-30.\nProduction unit. See 9904.407-30.\nProjected average loss. See 9904.416-30.\nProjected benefit cost method. See 9904.412-30 or 9904.413-30.\nProposal. See 9904.401-30.\nRepairs and maintenance. See 9904.404-30.\nReporting costs. See 9904.401-30.\nResidual value. See 9904.409-30.\nSegment. See 9904.403-30, 9904.410-30, 9904.413-30 or 9904.420-30.\nSelf-insurance. See 9904.416-30.\nSelf-insurance charge. See 9904.416-30.\nService life. See 9904.409-30.\nSmall business, as used in this part, means any concern, firm, person, corporation, partnership, cooperative, or other business enterprise which, under 15 U.S.C. 637(b)(6) and the rules and regulations of the Small Business Administration in part 121 of title 13 of the Code of Federal Regulations, is determined to be a small business concern for the purpose of Government contracting.\nSpread-gain actuarial cost method. See 9904.413-30.\nStandard cost. See 9904.407-30.\nTangible capital asset. See 9904.403-30, 9904.404-30, 9904.409-30, 9904.414-30 or 9904.417-30.\nTermination gain or loss. See 9904.413-30.\nUnallowable cost. See 9904.405-30.\nVariance. See 9904.407-30.\nWeighted average cost. See 9904.411-30.\n(b) The definitions set forth below are applicable exclusively to educational institutions and apply to this chapter 99.\nBusiness unit. See 9903.201-2(c)(2)(ii).\nEducational institution. See 9903.201-2(c)(2)(i).\nIntermediate cost objective. See 9905.502-30(a)(7).\nSegment. See 9903.201-2(c)(2)(ii).","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 99—COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET","SUBCHAPTER B—PROCUREMENT PRACTICES AND COST ACCOUNTING STANDARDS","PART 9903—CONTRACT COVERAGE","Subpart 9903.3—CAS Rules and Regulations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"0570871f8c0065221be5c647befb79b15b1a7a69f74d4161ce6cd7699bb309d9","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-9903.202-10","next":"us/48-cfr-9903.302"},"notice":"GroundRules: Original legal text. Not legal advice."}