Additional Monetary Allocation Clause Samples
The Additional Monetary Allocation clause establishes the terms under which extra funds may be provided beyond the original agreement amount. Typically, this clause outlines the circumstances that justify additional payments, such as unforeseen project expenses or changes in scope, and specifies the approval process required for such allocations. Its core practical function is to provide a clear mechanism for addressing and funding unexpected costs, thereby reducing disputes and ensuring project continuity.
Additional Monetary Allocation. If additional funds are available, eligible service providers may be allocated the additional funds. If any additional funds are allocated to a service provider, the additional funds may be utilized by the service provider in any budget category identified in Attachment H - Budget Workbook to the Contract. Utilization of all funding will be reported by the service provider at the end of the fiscal year in the format prescribed by the agency.