Glossary Content

OPERATING STATUS

FULLY OPERATIONAL

contract cost overrun/underrun
A net change in the contractual amount over/under that contemplated by a contract target price, estimated cost plus fee (any type cost reimbursement contract), or re-determinable price, as a result of the contractor's actual contract costs being over/under target or anticipated contracts costs but not attributable to any other cause of cost growth previously defined.
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contract cost overrun/underrun