Cost Accounting Clause Samples
The Cost Accounting clause establishes the requirements and standards for tracking, recording, and reporting costs associated with a contract or project. It typically outlines the methods and systems that must be used to ensure all expenses are accurately documented, such as specifying the use of generally accepted accounting principles or particular cost allocation methods. This clause ensures transparency and consistency in financial reporting, helping to prevent disputes over allowable costs and facilitating audits or reimbursement processes.
Cost Accounting. LIDDA shall use cost accounting to provide a consistent methodology for determining the cost of services, which includes an analysis of provider productivity. Develop and implement management processes for the allocation and development of resources and the oversight of services, as required in sections 2.1 through 2.1.8 relating to Authority Functions (Attachment A-1, Statement of Work)
Cost Accounting. 25 The CONSULTANT will prepare and submit monthly invoices of expenditures for each on-call Task Order. 26 Expenditures include direct labor costs, other direct costs and subconsultant costs. All Invoices will include all 27 supporting data.
Cost Accounting. The Recipient will keep separate, complete, and correct accounting of the costs involved in completing the project and any match-funded portion of the project. The Commission or its agent will have the right to examine the Recipient’s books of accounts at all reasonable times, to the extent necessary to verify the accuracy of the Recipient’s reports.
Cost Accounting. 3 4. PAYMENT FOR SERVICES AND ADVANCE CALLS................................... 3
Cost Accounting. The School agrees to provide annual financial report and program
Cost Accounting. Upon request by the Secretary, and in order to enable the Secretary to report all costs of the Project to the legislature, the Recipient shall provide the Secretary an accounting of all actual Non-Participating Costs which are paid directly by the Recipient to any party outside of the Secretary and all costs incurred by the Recipient not to be reimbursed by the Secretary for any phase or any other major expense associated with the Project.
Cost Accounting. The Manager shall keep books and records on the costs and expenses incurred pursuant to paragraph 2 hereof in accordance with generally accepted accounting principles and practices. During the term hereof the Manager shall provide copies of any receipts, invoices, extracts from books or records or other documents, in the Manager's possession, reasonably required by the Joint Venturers to substantiate any costs or expenses pursuant to paragraph 2 hereof.
Cost Accounting. The School agrees that it will annually submit to the Sponsor no later than the third Friday of August the information specified in s. 1010.20, Florida Statutes (2004), Cost Accounting and Reporting for School Districts.
Cost Accounting. The Licensor shall determine the costs of make-ready work and such costs shall include but not be limited to the following: • Materials and supplies; • Engineering services; • Labor costs, including but not limited to regular rates of pay, overtime rate of pay, and any other applicable premium rate of pay; • Supervision; • Transportation of Licensor personnel; • Any applicable taxes; • General overhead, including appropriate loadings for such items as pension accruals, social security taxes, vacations, holidays, sickness, ▇▇▇▇▇▇▇’▇ compensation; and • Any other accounts under the uniform system of accounts applicable to Licensor as prescribed by the Federal Energy Regulatory Commission.
Cost Accounting. The Grantee will provide MCES with an annual invoice of costs incurred for WOMP monitoring including labor, mileage, and equipment expenses.