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Applicability of Office of Management and Budget (OMB) Cost Circulars to Fixed Price Contracts

Last Modified: 09/05/2013
Tuesday, June 7, 2005

Recently, we received an inquiry on behalf of a food service management company (FSMC). The inquiry asked whether the OMB cost principles were relevant to the food acquisition costs borne by a FSMC charging a school food authority (SFA) a fixed price per meal for the reimbursable meals and contractually agreed upon meal equivalents served under the contract.

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