FEDERAL COST PRINCIPLES Sample Clauses
FEDERAL COST PRINCIPLES. For performance of Services as specified in this Agreement, State will pay Consultant subject to the terms of this Agreement and all requirements and limitations of the federal cost principles contained in the Federal Acquisition Regulations 48 CFR 31 (Contract Cost Principles and Procedures).
FEDERAL COST PRINCIPLES. (applicable to state and local governments, Indian tribes, institutions of higher education, and nonprofit organizations)
FEDERAL COST PRINCIPLES. LPA will not make payments directly to Consultant for services performed under this agreement. Instead, the State will serve as a paying agent for LPA and will pay Consultant directly for properly submitted and approved invoices using both LPA and Federal funds based on the applicable project federal cost participation percentage. The following process shall apply whenever the LPA, the State or the FHWA determines that certain costs, previously paid to Consultant, should not have been paid with federal funds by the State to Consultant. Consultant shall immediately repay the State the federal share of the previously paid amount and may invoice LPA for the costs repaid to the State. LPA shall promptly pay the full amount of the invoice from its own funds unless LPA, in good faith, disputes whether the Consultant is entitled to the payment under the agreement or the amount of the invoice. In the event of a dispute between LPA and Consultant, the dispute resolution process, outlined Section 4.4.3.5 DISPUTE RESOLUTION of the LPA Manual, shall be used by the parties. For performance of Services as specified in this Agreement, State will pay Consultant subject to the terms of this Agreement and all requirements and limitations of the federal cost principles contained in the Federal Acquisition Regulations 48 CFR 31 (Contract Cost Principles and Procedures).
FEDERAL COST PRINCIPLES. For performance of Services (11) USE FOR TASK ORDERS as detailed in each specific Task Order, (11) END USE FOR TASK ORDERS (11) DELETE FOR TASK ORDERSas specified in this Agreement,(11) END DELETE FOR TASK ORDERS State will pay Consultant subject to the terms of this Agreement and all requirements and limitations of the federal cost principles contained in the Federal Acquisition Regulation (48 CFR 31).
FEDERAL COST PRINCIPLES. If the Subrecipient is a non-profit organization, it must understand and comply with 2 CFR Part 200 “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” as adopted and supplemented by the USDA in 2 CFR Part 400, including, but not limited to: (i) 2 CFR, Part 215 “Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations” and, (ii) depending on what kind of organization it is, either (a) 2 CFR, Part 220 “Cost Principles for Educational Institutions” or (b) 2 CFR, Part 230 “Cost Principles for Non-Profit Organizations.”
FEDERAL COST PRINCIPLES. [UFS7]. This agreement will be governed by [UFS8] OMB Circular No. A-122, Cost Principles for Nonprofit Organizations with Exclusions listed in Attachment C of OMB Circular No. A-122 OMB Circular No. A-21, Cost Principles for Educational Institutions OMB Circular No. A-87, Cost Principles for State, Local and Indian Tribal Governments The Federal Acquisition Regulations (FAR), Part 31, Contract Cost Principles and Procedures. and audit requirements under OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations
FEDERAL COST PRINCIPLES. This agreement will be governed by OMB Circular No. A-21, Cost Principles for Educational Institutions and audit requirements under OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations.
FEDERAL COST PRINCIPLES. All costs under this Contract are subject to audit pursuant to Federal cost principles set forth in 2 C.F.R 225 (or as may be revised).