Arkansas § 19-11-237 Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts

Arkansas Statutes

§ 19-11-237 — Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts

Arkansas § 19-11-237

Title19

This text of Arkansas § 19-11-237 (Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 19-11-237 (2026).

Text

As used in this subchapter, unless the context otherwise requires, the cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee system may be used under the authority of the State Procurement Director when:

(1)There exists no other economically practicable price arrangement to secure the commodity;

(2)A cost saving may be proved over the least expensive alternative; or (3) The pricing schedule involved is tied to an industry standard or other reliable system of cost prediction.

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As used in this subchapter, unless the context otherwise requires, the cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee system may be used under the authority of the State Procurement Director when: (1) There exists no other economically practicable price arrangement to secure the commodity; (2) A cost saving may be proved over the least expensive alternative; or (3) The pricing schedule involved is tied to an industry standard or other reliable system of cost prediction.