Common use of Budget Modification Clause in Contracts

Budget Modification. Any modification in the use of budget must be subject to prior discussion with and approval by COSPE even if the modification is oriented to save resources on specific budget lines. All relevant modifications to Project activities, results, objectives and budget must entail a written official communication and a request for authorization to the EU, according to Art. 9 of the Annex II to the Grant Contract. Additional documents might be requested to justify the modifications. The Parties are not allowed to implement relevant modifications before receiving approval by the Contracting Authority.