APPROVED INDIRECT RATE Sample Clauses
The Approved Indirect Rate clause establishes the specific indirect cost rate that has been reviewed and accepted by the contracting parties for use in billing or cost reimbursement. This rate typically applies to overhead or general administrative expenses that cannot be directly attributed to a single project but are necessary for overall operations, such as utilities or management salaries. By defining and approving this rate in advance, the clause ensures consistency and transparency in cost calculations, preventing disputes over allowable indirect costs and streamlining the reimbursement process.
APPROVED INDIRECT RATE. The Recipient has never had a federally approved negotiated indirect rate, and as the National Park Service is the cognizant agency, the Recipient has requested and received approval from the National Park Service of a 10% de minimus MTDC rate per 2 CFR 200.414.
APPROVED INDIRECT RATE. The federally negotiated indirect rate plus administrative costs to be applied against this agreement shall not by statute 54 U.S.C. 302902, commonly known as Section 102(e) of the NHPA, exceed 25 percent of the total project cost. Indirect costs will not be allowable charges against this agreement unless specifically included as a line item in the approved budget incorporated into this agreement. If indirect costs are allowable charges, a copy of the Participant’s approved negotiated indirect rate shall be provided to the OHP.
APPROVED INDIRECT RATE. The Federally negotiated indirect rate to be applied to work in Task Agreements and Modifications under this Agreement shall be 17.5% (Modified Total Direct Cost [MTDC]).
APPROVED INDIRECT RATE. The Federally negotiated indirect rate to be applied against in this agreement shall be 17.5% (Modified Total Direct Cost [MTDC]). This rate is valid through [Insert DATE]. It is the responsibility of the Recipient to work with their cognizant agency in a timely manner to avoid the expiration of the Federally negotiated rate.