Indirect Charges definition
Examples of Indirect Charges in a sentence
The University will charge to the Project Account all direct and indirect costs and expenditures that are properly chargeable to the Project as Direct Charges or Indirect Charges pursuant to Exhibit B.
Since the Indirect Charges cover the costs of insurance, the University will be responsible for all damages and losses to buildings, materials, supplies, and equipment associated with the Project, except any uninsured in-transit losses covered by Part I.E. The University may cause each Project Subcontractor to be contractually responsible for all damages and losses to buildings, materials, supplies, and equipment owned by that Project Subcontractor and used for Project activities.
Indirect Charges under this Part II are for all costs and expenditures incurred by the University for the Project that are not explicitly covered by Part I of this Exhibit B, including without limitation pro rata costs of and expenditures for general assistance and support services provided by the University that are not specifically identified with the Project or any other specific research activities.
The balance of the charges to such job or work orders will be allocated to among System subsidiary companies as provided hereafter under "Charges to System Companies - General Services." Indirect Charges or Overhead Expenses Indirect charges or overhead expenses consist of all costs of the Service Company, other than direct charges described above.
Provides for the program cost categories, direct services and administration budget across the top and object class categories (i.e., Personnel, Fringe Benefits, Travel, Equipment, Supplies, Contractual, Other, and Indirect Charges).
Indirect costs covered by Indirect Charges fall in one of the following categories: − Depreciation: depreciation of the University's buildings, land improvements, and equipment.
Indirect Charges: Provide an explanation of the cost components of the planned costs for Indirect Charges.
The University will charge the Project Account quarterly for Indirect Charges.
Those Indirect Charges will be based only on Project costs and Expenditures actually paid by the University during the preceding quarter.
Those Direct Charges and Indirect Charges may be collectively referred to as "Project Charges." The University will use its best efforts to administer, supervise, and conduct the Project so that the cumulative Project Charges over the life of the Project do not exceed the Total Project Cap specified in Exhibit A, as it may be amended from time to time.