The board may promulgate regulations setting forth cost principles which shall be used to determine the allowability of incurred costs for the purpose of reimbursing costs under provisions in construction contracts which provide for the reimbursement of costs.
S.C. Code Ann. § 11-35-3050
Cost principles regulations for construction contractors
Known as the South Carolina Consolidated Procurement Code
The act spans §§ 11-35-10 to 11-35-845 (143 sections).
1981 Act No. 148, SECTION 1; 1997 Act No. 153, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.