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Allocable Costs definition: Copy, customize, and use instantly

Introduction

The term "Allocable Costs" refers to expenses that are assignable or attributable to a specific project, contract, or business activity based on the benefit received or the causation relationship. These costs must meet established guidelines or contractual terms, ensuring fairness and accuracy in cost allocation.

Below are various examples of how "Allocable Costs" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Allocable Costs" as assignable project expenses

This definition ties "Allocable Costs" to project-specific expenses.

"Allocable Costs" means expenses directly assignable to a specific project or contract based on the benefit derived or use incurred.

Definition of "Allocable Costs" as costs tied to a business activity

This definition focuses on activities.

"Allocable Costs" refers to expenses that are clearly tied to and necessary for a specific business activity or operational task.

Definition of "Allocable Costs" as proportionate expenditures

This definition ties "Allocable Costs" to proportionality.

"Allocable Costs" means expenditures that can be proportionately attributed to multiple cost objectives based on their relative benefit or usage.

Definition of "Allocable Costs" as allowable and attributable expenses

This definition focuses on compliance.

"Allocable Costs" refers to expenses that are both allowable under applicable regulations and attributable to a specific project or contract.

Definition of "Allocable Costs" as costs benefiting a specific cost objective

This definition ties "Allocable Costs" to objectives.

"Allocable Costs" means expenses that provide measurable benefits to a specific cost objective, such as a contract, project, or business function.

Definition of "Allocable Costs" as charges meeting cost allocation standards

This definition highlights standards.

"Allocable Costs" refers to charges that meet established cost allocation standards and can be distributed based on causation or benefit.

Definition of "Allocable Costs" as expenses linked to contract performance

This definition ties "Allocable Costs" to performance.

"Allocable Costs" means expenses incurred to directly support the performance or fulfillment of a contract or agreement.

Definition of "Allocable Costs" as expenditures aligning with project goals

This definition focuses on alignment.

"Allocable Costs" refers to expenditures that align with and are necessary to achieve the goals of a specific project or cost objective.

Definition of "Allocable Costs" as identifiable and traceable costs

This definition ties "Allocable Costs" to traceability.

"Allocable Costs" means expenses that are identifiable and traceable to a specific project, activity, or business operation.

Definition of "Allocable Costs" as distributable shared expenses

This definition focuses on shared costs.

"Allocable Costs" refers to shared expenses that can be distributed among projects or cost objectives based on fair allocation methods.

Definition of "Allocable Costs" as expenses directly benefiting a cost objective

This definition ties "Allocable Costs" to direct benefits.

"Allocable Costs" means expenses that directly contribute to achieving the purpose of a specific cost objective, such as a contract or project.

Definition of "Allocable Costs" as proportionally assigned expenditures

This definition focuses on proportional assignment.

"Allocable Costs" refers to expenditures proportionally assigned to a cost objective based on the extent of benefit or use.

Definition of "Allocable Costs" as allowable costs under regulatory frameworks

This definition ties "Allocable Costs" to regulations.

"Allocable Costs" means costs that comply with applicable regulatory frameworks and are directly attributable to a designated purpose.

This definition highlights contracts.

"Allocable Costs" refers to costs that are identifiable and necessary for the performance or administration of a specific contract.

Definition of "Allocable Costs" as expenses shared across multiple cost objectives

This definition focuses on shared distribution.

"Allocable Costs" means expenses that are shared among multiple cost objectives and distributed according to their respective benefits.

Definition of "Allocable Costs" as expenditures traced to specific activities

This definition ties "Allocable Costs" to activity tracking.

"Allocable Costs" refers to expenditures that can be traced to specific business activities, ensuring fair and accurate cost distribution.

Definition of "Allocable Costs" as costs attributable to project scope

This definition focuses on scope.

"Allocable Costs" means costs that are attributable to and fall within the scope of a specific project, ensuring alignment with its objectives.

Definition of "Allocable Costs" as expenditures meeting accounting standards

This definition ties "Allocable Costs" to accounting principles.

"Allocable Costs" refers to expenditures that meet recognized accounting standards for distribution and attribution to cost objectives.

Definition of "Allocable Costs" as direct or indirect expenses tied to a project

This definition highlights expense types.

"Allocable Costs" means expenses, whether direct or indirect, that are linked to a project and proportionally assigned based on usage or benefit.

Definition of "Allocable Costs" as costs benefiting organizational operations

This definition focuses on organizational alignment.

"Allocable Costs" refers to costs that provide a clear benefit to an organization’s operations and are assigned accordingly.

Definition of "Allocable Costs" as expenditures tied to measurable outcomes

This definition ties "Allocable Costs" to outcomes.

"Allocable Costs" means costs incurred to achieve measurable outcomes within a project, program, or activity.

Definition of "Allocable Costs" as costs justified by resource utilization

This definition highlights resource use.

"Allocable Costs" refers to costs justified by the utilization of resources for a specific cost objective or operational purpose.

Definition of "Allocable Costs" as necessary costs for achieving deliverables

This definition ties "Allocable Costs" to deliverables.

"Allocable Costs" means expenses deemed necessary to achieve the deliverables or milestones defined in a project or contract.

This definition focuses on agreements.

"Allocable Costs" refers to expenses assignable to cost objectives under cost-sharing or cooperative agreements.

Definition of "Allocable Costs" as expenses incurred for mutual benefit

This definition ties "Allocable Costs" to mutual benefits.

"Allocable Costs" means expenses incurred for the mutual benefit of multiple projects or activities, distributed proportionally.

Definition of "Allocable Costs" as expenditures aligning with funding requirements

This definition highlights funding alignment.

"Allocable Costs" refers to expenditures that align with the requirements or objectives of specific funding sources.

Definition of "Allocable Costs" as expenses validated by documentation

This definition ties "Allocable Costs" to documentation.

"Allocable Costs" means costs validated through proper documentation, ensuring compliance with contractual or regulatory requirements.

Definition of "Allocable Costs" as costs distributed based on causal relationships

This definition focuses on causation.

"Allocable Costs" refers to costs distributed to cost objectives based on causal relationships or proportional benefits received.

Definition of "Allocable Costs" as costs incurred for essential project activities

This definition ties "Allocable Costs" to essential actions.

"Allocable Costs" means expenses incurred for essential activities that directly contribute to a project’s success.

Definition of "Allocable Costs" as expenditures justified by cost-benefit analysis

This definition highlights cost-benefit alignment.

"Allocable Costs" refers to expenses justified by a cost-benefit analysis, demonstrating their relevance to the cost objective.

Definition of "Allocable Costs" as costs conforming to industry standards

This definition ties "Allocable Costs" to industry norms.

"Allocable Costs" means expenses that conform to industry standards for cost allocation and project budgeting.

Definition of "Allocable Costs" as costs supporting compliance efforts