Illinois Compiled Statutes 30 ILCS 500/1-15.35 – Cost-reimbursement contract
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Terms Used In Illinois Compiled Statutes 30 ILCS 500/1-15.35
- Contract: A legal written agreement that becomes binding when signed.
“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.