Review by FDC Sample Clauses
The "Review by FDC" clause establishes that a designated Financial Decision Committee (FDC) is responsible for evaluating and approving certain actions, documents, or decisions within the scope of the agreement. In practice, this means that before specific transactions or changes can proceed, they must be submitted to the FDC for assessment and formal approval, ensuring oversight and compliance with internal standards. The core function of this clause is to provide an additional layer of review and control, thereby reducing the risk of unauthorized or imprudent decisions and promoting accountability within the organization.
Review by FDC. 13.1.1. If a transfer recommendation is approved by the CONTRACTOR and the Facility's FDC Classification Contact, the Facility shall enter the recommendation and retain the progress report for the FDC State Classification Office's review, and the transfer shall be processed following this Agreement. If the FDC State Classification Office denies the transfer, the CONTRACTOR may appeal the decision, in writing, directly to the FDC Regional Director, or designee, in the Regional Office.
13.1.2. If CONTRACTOR approves the transfer recommendation, but the Facility's FDC Classification team does not approve of the recommendation, the Progress Report shall be sent to the Regional State Classification Office for approval or disapproval. If the Regional State Classification Office disapproves the transfer recommendation, the CONTRACTOR may appeal the decision, in writing, directly to the FDC Regional Director, or designee, at the Regional Office.
13.1.3. If the FDC Regional Director approves an appeal of a transfer by the Facility, the transfer shall be processed per this Agreement. If the FDC Regional Director disapproves of a transfer request by the CONTRACTOR, the CONTRACTOR may appeal the Regional Director's decision, in writing, to the FDC Secretary. If the FDC Secretary, or designee, disapproves of an appeal of a transfer by the CONTRACTOR, the Facility may seek to have the matter mediated by the DMS Division Director, or designee, according to Section 13.2, below.