Independent Research and Development (IR&D)


Independent Research and Development (IR&D) : Effort by industry that is not sponsored by, or required in performance of, a contract and which consists of projects falling within the areas of: (1) basic and applied research, (2) development, and (3) systems and other concept formulation studies. Also, discretionary funds which industry can allocate to projects. (See: FAR 31.001.)
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