Common use of BASIC ADMINISTRATION ALLOWANCE Clause in Contracts

BASIC ADMINISTRATION ALLOWANCE. FII will pay the Recipient 5% of the Eligible Costs approved under this Agreement (calculated as a percentage of the total Eligible Costs other than the administration component thereof), for the purposes of covering overhead costs and administrative costs incurred directly in connection with the administration of the Work including, without limitation, the following: (a) program management and general management costs including the cost of staff and Subcontractors engaged in program management and in performing the Work, where that work has not been pre- approved in accordance with Section 1.5 (Pre-Approved Project Delivery by Staff and Subcontractors) of Schedule 4 (Eligible Cost Rules); (b) costs associated with meetings or conferences with FII staff that do not relate to specific activities identified in this Agreement or the Project Proposal; (c) regulatory levies, assessments, licenses, permits and approvals, including costs incurred in public relations (such as advertising, signage and similar type goods and services) required in respect of the Work but not directly related to specific activities approved by FII under the Project Proposal; and (d) costs of accounting, reporting and other similar activities undertaken in connection with the administration of this Agreement.