nonrecurring, unrecovered costs
Defined in 1 place of the United States Code.
The term “nonrecurring, unrecovered costs” means those costs reasonably incurred by the contractor in performing a multiyear contract which (as determined under regulations prescribed under subsection (d) of this section) are generally incurred on a one-time basis.
Source
- 1994–present38 U.S.C. § 114Veterans Benefits · Multiyear procurement · for the purposes of this section