Common use of Higher-than-Expected Indirect Costs Clause in Contracts

Higher-than-Expected Indirect Costs. The Recipient understands that it is solely and exclusively responsible for managing its indirect costs. The Recipient further understands that EERE will not amend this Award solely to provide additional funds to cover increases in the Recipient’s indirect cost rate. EERE recognizes that the Recipient may not be fully reimbursed for increases in its indirect cost rate, which may result in under-recovery. In the event that the Recipient is not fully reimbursed for increases in its indirect cost rate, the Recipient may use any under-recovery to meet its cost sharing obligations under this Award.

Higher-than-Expected Indirect Costs. The Recipient understands that it is solely and exclusively responsible for managing its indirect costs. The Recipient further understands that EERE will not amend this Award solely to provide additional funds to cover increases in the Recipient’s indirect cost rate. EERE recognizes that the Recipient may not be fully reimbursed for increases in its indirect cost rate, which may result in under-recovery. In the event that the Recipient is not fully reimbursed for increases in its indirect cost rate, the Recipient may use any under-recovery to meet its cost sharing obligations under this Award, with prior approval from the Contracting Officer.

Higher-than-Expected Indirect Costs. The Recipient understands that it is solely and exclusively responsible for managing its indirect costs. The Recipient further understands that EERE will not amend this Award solely to provide additional funds to cover increases in the Recipient’s indirect cost rate. EERE recognizes that the inability to obtain full reimbursement for indirect costs means the Recipient may not be fully reimbursed for increases in its indirect cost rate, which may result in must absorb the under-recovery. In the event that the Recipient is not fully reimbursed for increases in its indirect cost rate, the Recipient may use any Such under-recovery to meet its may be allocated as part of the organization’s required cost sharing obligations under this Awardsharing.

Higher-than-Expected Indirect Costs. The Recipient understands that it is solely and exclusively responsible for managing its indirect costs. The Recipient further understands that EERE will not amend this Award solely to provide additional funds to cover increases in the Recipient’s indirect cost rate. EERE recognizes that the Recipient may not be fully reimbursed for increases in its indirect cost rate, which may result in under-recovery. In the event that the Recipient is not fully reimbursed for increases in its indirect cost rate, the Recipient may use any under-recovery to meet its cost sharing obligations under this Award, with prior approval from the Contracting Officer.