Certified Federal Contracts Manager
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Certified Federal Contracts Manager (CFCM) Federal Procurement and Contracting Principles 1. Cost Reasonableness: - A cost is considered reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person in the conduct of competitive business. ️ 2. Advance Agreements: - Advance agreements should not be negotiated after the costs have been incurred. ️ 3. Assignment of Claims Act: - A contractor may assign moneys due under a contract if it me...