Reasonableness

Reasonableness - A cost is considered reasonable if the goods or services acquired, and the amount involved, reflect actions that a prudent person would take under the circumstances. Factors to consider in determining reasonableness are as follows:
  • Is the cost necessary for the performance of the project?
  • What laws and regulations should be considered, and what are the terms and conditions of the award?
  • Did all individuals act with prudence and satisfy their responsibilities to both the institution and sponsor?
  • Are the actions consistent with Concordia College policies and practices?

Information For:

current students
faculty and staff		 parents
alumni		 high school students
admitted students