Adjustments to Task Budgets Sample Clauses
The "Adjustments to Task Budgets" clause defines the process for modifying the financial allocations assigned to specific tasks within a project or contract. Typically, this clause outlines the circumstances under which budget changes can be requested, such as unforeseen expenses or changes in project scope, and details the approval process required for such adjustments. By establishing clear procedures for amending task budgets, this clause helps ensure financial flexibility while maintaining oversight and control, thereby preventing disputes and ensuring that resources are allocated efficiently as project needs evolve.
Adjustments to Task Budgets a. The Project Representative may adjust the task budgets in the Cost Summary (Exhibit B) provided that the Total Price, Period of Performance, and/or the Fixed Professional Fee are not impacted or affected by the adjustment to the task budget.
b. Adjustments to task budgets must be authorized in writing by the Project Representative prior to the work being performed and such authorization must specifically identify the task budgets impacted and the specific scope of work to be performed. Written authorization will include a Budget Crosswalk for task budget adjustment on the County authorized form (See Exhibit H) and a detailed description of the dollars that are being moved from a particular task and subtask to the new task and subtask, and .
c. Adjustments to task budgets are only authorized when:
(1) Money is taken from a task budget where the work is complete and there is money remaining in the task budget; or
(2) Money is moved between tasks and there is no impact on the Period of Performance, Fixed Professional Fee or the Total Price of the Agreement.