Section 880-RICR-00-00-1.11 - Cost and Pricing PrincipleA. Except as otherwise provided by contract, the Chief Purchasing Officer shall use generally accepted accounting principles:1. As guidelines in the negotiation of:a. Estimated costs for contracts when the absence of open market competition precludes the use of competitive sealed bidding;b. Adjustments for changes or modifications in contract performance requested by the Corporation; and2. Settlements of contracts which have been terminated.3. To determine the allowability of incurred costs for the purposes of reimbursing costs under contract provisions which provide for the reimbursement of costs; and4. As appropriate in any other situation where determinations of the estimated or incurred costs of performing a contract may be required.880 R.I. Code R. 880-RICR-00-00-1.11