"Cost-reimbursement contract" means a contract under which a contractor is reimbursed for costs that are allowable and allocable in accordance with the contract terms and the provisions of this Code, and a fee, if any.
30 ILCS 500/1-15.35
Cost-reimbursement contract
Known as the Illinois Procurement Code
The act spans §§ 30-500-1-1 to 30-500-1-5 (54 sections).
P.A. 90-572, eff. 2-6-98.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.