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

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If annual true up reveals that the Government share of total allowable incurred indirect costs is less than the cost reimbursed, the Recipient must refund the difference as soon as costs are reconciled.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If annual true up reveals that at the completion of the award the Government share of total allowable incurred indirect costs (i.e., direct and indirect) is less than the cost reimbursed, the Recipient must refund the difference as soon as costs are reconcileddifference.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs charges are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If annual true up reveals that at the Government completion of the Award the Government’s share of total allowable incurred indirect costs (i.e., direct and indirect), is less than the cost total costs reimbursed, the Recipient must refund the difference as soon as costs are reconcileddifference.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If annual true up reveals that the Government share of total allowable incurred indirect costs is less than the cost reimbursed, the Recipient must refund the difference as soon as costs are reconciled.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs charges are less than those budgeted in Attachment 3 to this and funded under the Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If annual true up reveals that at the Government completion of the Award the Government’s share of total allowable incurred indirect costs (i.e., direct and indirect), is less than the cost total costs reimbursed, the Recipient must refund the difference as soon as costs are reconcileddifference.