Common use of Limitation of Funds Clause in Contracts

Limitation of Funds. NRC is not obligated to reimburse DOE for costs incurred by its contractors in excess of the total amount obligated by an appropriately executed interagency agreement form. The NRC CO in NRC’s Acquisition Management Division will formally notify the appropriate DOE Site Office or the DOE Field Office of any projects that are intended to be phased out or terminated as soon as such intent is known, preferably at least 30 days before the proposed termination date. For work orders with fixed performance periods, the DOE Site Office or the DOE Field Office should assume that the program will terminate on the last day of the period specified in the award form unless notified otherwise. If at any time the Laboratory has reason to believe that the costs will exceed the total amount authorized, the Laboratory must notify NRC and the DOE Site Office or the DOE Field Office. In the absence of formal NRC instructions to continue or to terminate a work order, the DOE Site Office or the DOE Field Office contract officer or his or her designee will notify NRC by e-mail or other suitable written means when the accrued costs of any NRC work order approaches 75 percent of the authorized funding level for a project or task order (TO). The notification should include the estimated date when the accrued costs will equal the authorized funds, and may, if appropriate, recommend or request the NRC action desired. The notification should be sent to the appropriate NRC CO and COR with a copy to DOE. After this notification, the NRC will evaluate costs incurred against technical progress and, if necessary, will: - Increase funding authorization - Change the scope of the work - Change the period of performance - Terminate the project The performance of work shall be completed within the period stated in the most current authorization document. When the DOE Laboratory anticipates that the work cannot be completed within the fixed time period, it shall notify the NRC CO and COR in writing and send a copy of the notice to the DOE Site Office or the DOE Field Office. Notification shall be made in sufficient time to allow for the issuance of a modification to the agreement, authorizing an extension of the work period to the date necessary to complete the authorized work. If the period of performance is not extended, the office shall notify DOE and the DOE Laboratory via issuance of a modification which should contain closeout instructions, including the reconciliation of any excess funds.

Limitation of Funds. The NRC is not obligated required to reimburse DOE the servicing agency for costs incurred by its contractors in excess of the total amount obligated by an appropriately executed interagency agreement formNRC Form 662. The NRC CO in NRC’s Acquisition Management Division office will formally notify the appropriate DOE Site Office or the DOE Field Office servicing agency of any projects that are intended to be phased out or terminated as soon as such intent is known, preferably at least 30 days before the proposed termination date. For work orders with fixed performance periods, the DOE Site Office or the DOE Field Office servicing agency should assume that the program will terminate on the last day of the period specified in the award form "Award of Interagency Agreement" unless notified otherwise. If The servicing agency must notify the NRC if at any time the Laboratory it has reason to believe that tht the costs of the project will exceed the total amount authorized, the Laboratory must notify NRC and the DOE Site Office or the DOE Field Office. In the absence of formal NRC instructions to continue or to terminate a work order, the DOE Site Office or the DOE Field Office contract officer servicing agency contracting officer, or his or her designee designee, will notify NRC by e-mail fax, or other suitable written means means, when the accrued costs of any NRC work order approaches 75 percent of the authorized funding level for a project or task order (TO)task. The notification should include the estimated date when the accrued accured costs will equal the authorized funds, and may, if appropriate, recommend or request the NRC action desired. If additional funds are necessary to complete the project, the servicing agency will identify and justify the amount requested. The notification should be sent to the appropriate requiring NRC CO and COR with a copy to DOEoffice. After this notification, the NRC requiring office will evaluate costs incurred against technical progress progess and, if necessary, necessary will: - * Increase funding authorization - • Change the scope of the work - * Change the period of performance - • Terminate the project The performance of work shall will be completed within the period stated in the most current authorization document. When This could either be in the DOE Laboratory form of an amendment to the NRC Form 662, or in a letter defining the task order. However, when the servicing agency anticipates that the work cannot be completed within the fixed time period, it shall will notify the NRC CO and COR office in writing and send a copy of the notice to the DOE Site Office or the DOE Field Officewriting. Notification shall should be made given in sufficient time to allow for the issuance of a modification to the agreement, authorizing NRC Form 662 to be issued. The modification will authorize an extension of the work period to the date necessary to complete the authorized work. A modification, using NRC Form 662, will also be necessary for increases in funding. If the period of performance is not extended, NRC will notify the office shall notify DOE and the DOE Laboratory servicing agency via issuance of a modification which should contain closeout to NRC Form 662 containing close-out instructions, including the reconciliation of any excess funds.