ADMINISTRATIVE AND INDIRECT COSTS Sample Clauses
The 'Administrative and Indirect Costs' clause defines which overhead and support expenses are considered reimbursable or allowable under a contract. It typically outlines the types of costs included, such as office management, utilities, or general administrative salaries, and may specify calculation methods or percentage limits. This clause ensures clarity regarding which non-direct costs can be charged to the project, helping to prevent disputes and manage budget expectations between the parties.
ADMINISTRATIVE AND INDIRECT COSTS. The federally-negotiated indirect rate plus administrative costs to be applied against this agreement, by ▇▇▇▇▇▇▇ ▇▇ ▇.▇.▇. § ▇▇▇▇▇▇, shall not exceed 25% of the total budget. Administrative costs are defined as: Allowable, reasonable, and allocable costs related to the overall management of activities directly related to finance (accounting, auditing, budgeting, contracting), general administrative salaries and wages (grant administration, personnel, property management, equal opportunity) and other “overhead” functions (general legal services, general liability insurance, depreciation on buildings and equipment, etc.) not directly attributable to specific program areas identified in the grant agreement. All administrative costs reported must be absolutely necessary for project and/or program implementation, such as the cost items identified in the final grant agreement or items otherwise approved in writing by the NPS Awarding Officer (AO).
ADMINISTRATIVE AND INDIRECT COSTS. The federally-negotiated indirect rate plus administrative costs to be applied against this agreement, by ▇▇▇▇▇▇▇ ▇▇ ▇.▇.▇. § ▇▇▇▇▇▇, commonly known as Section 102 (e) of the ACT, shall not exceed 25% of the total budget. The Recipient will not use an indirect cost rate for this agreement.
ADMINISTRATIVE AND INDIRECT COSTS. The federally negotiated indirect cost rate plus administrative costs to be applied against this Agreement, by statute 54 U.S.C. § 302902, commonly known as Section 102 (e) of the National Historic Preservation Act (NHPA) of 1966, shall not exceed 25% of the total budget. Administrative costs are defined as: Allowable, reasonable, and allocable costs related to the overall management of activities directly related to finance (accounting, auditing, budgeting, contracting), general administrative salaries and wages (grant administration, personnel, property management, equal opportunity) and other “overhead” functions (general legal services, general liability insurance, depreciation on buildings and equipment, etc.) not directly attributable to specific program areas identified in the grant agreement. All administrative costs reported must be absolutely necessary for project and/or program implementation, such as the cost items identified in the final grant agreement or items otherwise approved in writing by the THC and NPS Awarding Officer (AO).