Indicative Budgets Sample Clauses
The Indicative Budgets clause establishes preliminary financial estimates for a project or agreement. It typically outlines projected costs, anticipated expenditures, or funding allocations, serving as a reference point for planning and resource management. This clause helps parties align expectations regarding financial commitments and provides a framework for monitoring and adjusting budgets as the project progresses, thereby reducing the risk of misunderstandings or disputes over costs.
Indicative Budgets. The Contractor shall provide to the CNH, for informative purposes, within the first Business Day of the fourth Trimester of each Year, indicative budgets that must contain a detailed list of the activities the Contractor plans to carry out and the estimated cost for each activity, notwithstanding that the Contractor may submit subsequent updates.
Indicative Budgets. 32 11.3............. Procurement of Goods and Services. 32
Indicative Budgets. 33 11.3............. Procurement of Goods and Services. 33 11.4............. Recordkeeping Requirements. 33 11.5............. Contractor’s Transactions with Third Parties. 33
Indicative Budgets. The Contractor shall prepare and submit to CNH, along with the Budget referred to in Article 11.1, indicative Budgets for the next two (2) Years setting forth the Costs the Contractor expects to incur during those Years.