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4.—(1) The costs shall comprise direct costs and overheads to the extent that such costs are relevant to a particular chargeable job and are calculated in accordance with the financial policies adopted by the claimant to state the financial results of the cost centre or centres responsible for the chargeable job or for providing support services to such a centre or centres.
(2) Where costs are recoverable in pursuance of the 1998 Regulations these Regulations shall apply to the extent that the costs are “allowable costs” as defined in regulation 1(2) of the 1998 Regulations.
(3) The costs shall be recoverable either as direct costs under regulation 5 or as overheads under regulation 6, but not both.
(4) The costs shall be net of any discount or rebate allowed to the claimant.
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