Eligible indirect costs Clause Samples
The 'Eligible indirect costs' clause defines which indirect expenses can be included for reimbursement or consideration under an agreement or contract. Typically, this clause outlines the types of overhead or administrative costs—such as utilities, office supplies, or management salaries—that are not directly attributable to a specific project activity but are necessary for overall operations. By specifying what qualifies as an eligible indirect cost, the clause ensures clarity and consistency in cost allocation, preventing disputes and misunderstandings about which expenses are recoverable.
Eligible indirect costs. A flat-rate amount of 5% of the total eligible direct costs of the action is eligible under indirect costs, representing the grant beneficiary's general administrative costs which can be regarded as chargeable to the action. Indirect costs may not include costs entered under another budget heading. In the case of organisations receiving an operating grant, indirect costs are not eligible.
Eligible indirect costs. 4.1. For EC contributions, a fixed percentage of direct eligible costs, not exceeding 7 %, shall be eligible as indirect costs.
4.2. For comparable Actions and Actions where there is more than one donor the amount recovered shall not, in percentage terms, be higher or lower than for other comparable contributions.
4.3. Indirect costs are eligible provided that they do not include costs assigned to another heading of the budget of the contribution-specific agreement.
4.4. Indirect costs may also be charged on the value of in-kind commodities delivered by the Commission, including their associated costs.
4.5. Where the rates applied in accordance with United Nations’ governing bodies’ decisions exceed 7%, the United Nations may recover the balance as direct eligible costs, subject to the provisions governing direct eligible costs referred to in Article 3 being fulfilled.
Eligible indirect costs. 4.1. For EC contributions, a fixed percentage of direct eligible costs, not exceeding 7 %, shall be eligible as indirect costs.
4.2. For comparable Actions, and Actions where there is more than one donor, the amount recovered shall not, in percentage terms, be higher or lower than for other comparable contributions.
4.3. Indirect costs are eligible provided that they do not include costs assigned to another heading of the budget of the contribution-specific agreement.
4.4. Where the rates applied in accordance with International Organisation’s governing bodies’ decisions exceed 7%, the International Organisation may recover the balance as direct eligible costs, subject to the provisions governing direct eligible costs referred to in Article 3 being fulfilled.
Eligible indirect costs. The indirect costs incurred in carrying out the action are only eligible for flat-rate funding fixed at 60% of the beneficiaries total eligible direct staff costs. Indirect costs do not need to be supported by accounting documents. Energy Management Agencies created under the IEE programmes may only claim indirect costs as of the moment that they are no longer part of an ongoing IEE Grant Agreement in which their agency was established. Equally, any organisation receiving an operating grant from the EC for the period of the action or parts of the period cannot claim the 60% indirect costs for the period in question. In general, indirect costs are deemed to cover (non-exhaustive list, examples only) : - secretarial/administrative/financial/managerial etc…costs (Exceptions could occur when tasks outlined in the action justify a distinct role of such staff, which then also has to be recorded in time sheets, and on condition that these costs are directly booked to the project) - Consumables : Toner, office supplies, paper, photocopies, etc... - Bank charges (except bank charges incurred by coordinator as specified under V.5) - Postal services except when it concerns courier services (e.g. DHL, UPS, TNT) necessary for the action or in case of mass mailings. The latter should then be registered as a direct cost for the project. - Utilisation of existing equipment and installations … VI BUDGET TRANSFERS The budget should be set up in the best possible way before the beginning of the action. Nevertheless, changes in budget between partners and/or between categories can be expected during the cause of the action. However, budget transfers shall remain limited. An amendment to the grant agreement through a supplementary agreement is necessary in the event where: • The amount to be transferred between participants exceeds 20% of the total budget of the receiving participant (i.e. the participant receiving the extra budget) and/or • The amount to be transferred between cost categories of a given participant exceeds • The adjustment of expenditure affects the implementation of the action Any transfer of budget exceeding the above thresholds or affecting the implementation of the action must be proposed to EACI by the coordinator. He/she shall submit to the Agency a written request substantiating the need for the budget transfer for himself and/or for the co-beneficiaries concerned together with a new version of ▇▇▇▇▇ ▇▇ (including the updated Contract Preparation Forms...