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What Is the Bill of Costs? What Should You Include

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What is the bill of costs? What should you include when preparing a bill of costs? What form is used for a bill of costs?


Definitions:

Risk Transference

The strategy of transferring the potential impact of specific risks from one party to another, often by using insurance or other contractual agreements.

Purchasing Insurance

The act of buying protection against financial losses from an insurance company.

VPN

Virtual Private Network; a secured network that encrypts and transmits data while it travels from one point to another on the internet, providing privacy and protection.

Advantage

Advantage refers to a condition or circumstance that places one in a favorable or superior position compared to competitors or alternatives.

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