Indirect Charge for Projects Clause Samples
The Indirect Charge for Projects clause defines how indirect costs—such as administrative expenses, utilities, or overhead—are allocated to specific projects. Typically, this clause outlines the methodology for calculating these charges, such as applying a predetermined percentage to direct project costs or using a cost allocation formula. Its core function is to ensure that all projects fairly contribute to shared organizational expenses, promoting transparency and consistency in budgeting and financial reporting.
Indirect Charge for Projects. If a major infrastructure construction project is undertaken, a separate indirect charge for such project shall be approved by the Operating Committee at the time of approval of the project.
Indirect Charge for Projects. As to major construction projects (such as, but not limited to, pipelines, gas reprocessing and processing plants, and final loading and terminalling facilities) when the estimated cost of each project amounts to more than one hundred thousand dollars (U.S. $100,000.00) a separate indirect charge for such project shall be set by the Operating Committee at the time of approval of the project.
Indirect Charge for Projects. As to major projects (such as, but not limited to pipelines, gas reprocessing an processing plants, final loading and terminating facilities, and dismantling for decommissioning of platforms and related facilities) when the estimated cost of each project amounts to more than US$50,000,000 a separate indirect charge for such project shall be approved by the Operating Committee at the time of approval of the project. During its process of winding-up Joint Operations Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-four (24) months. If the winding-up process continues beyond the end of such period, the charge shall be confined to and based upon the sliding scale percentage rate. Notwithstanding the foregoing, the indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Operating Committee prior to the submission of the first annual budget for those phase of operations.
Indirect Charge for Projects. As to major projects (such as, but not limited to processing plants, and dismantling for decommissioning of camps and/or other related facilities) when the estimated cost of each project amounts to more than US$1,000,000 a separate indirect charge for such project shall be approved by the Parties from time to time during the time of the project. During its process of winding-up Operations, Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-four (24) months. If the winding-up process continues beyond the end of such period, the charge shall be confined to and based upon the sliding scale percentage rate. Notwithstanding the foregoing, the indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Parties prior to and for those phases(es) of operations.
Indirect Charge for Projects. 15 3.5 Changes........................................................15
Indirect Charge for Projects. Regarding major projects (including pipelines, gas reprocessing and processing plants, final loading and terminalling facilities, and dismantling for decommissioning of platforms and related facilities), when the estimated cost of each project amounts to more than U.S. $25,000,000, Operator may make a separate indirect charge for the project if approved by the Operating Committee at the time of approval of the project. Notwithstanding the foregoing, the Operating Committee must approve of the Operator’s indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities before the submission of the first annual budget for those phases of operations.