> ### Subpart 31.3- Contracts with Educational Institutions

> ## 31.301 Purpose.

> This subpart provides the principles for determining the cost of research and development, training, and other work performed by educational institutions under contracts with the Government.

> ## 31.302 General.

> Office of Management and Budget (OMB) Circular No. A21, Cost Principles for Educational Institutions, revised, provides principles for determining the costs applicable to research and development, training, and other work performed by educational institutions under contracts with the Government.

> ## 31.303 Requirements.

> (a) Contracts that refer to this Subpart 31.3 for determining allowable costs under contracts with educational institutions shall be deemed to refer to, and shall have the allowability of costs determined by the contracting officer in accordance with, the revision of OMB Circular A21 in effect on the date of the contract.
> (b) Agencies are not expected to place additional restrictions on individual items of cost.