Common use of Administrative Overhead Clause in Contracts

Administrative Overhead. 2.4.2.1 LIDDA shall maintain administrative overhead to perform the requirements of this Contract at a rate not to exceed 10% of the Contract funds. If LIDDA’s administrative overhead expenses exceed 10%, LIDDA shall use earned income or other funds, other than contract funds, to pay for the excess.

Administrative Overhead. 2.4.2.1 LIDDA shall maintain administrative overhead to perform the requirements of this Contract at a rate not to exceed 10% of the Contract funds. If LIDDA’s administrative overhead expenses exceed 10%, the LIDDA shall use earned income or other funds, other than contract funds, to pay for the excess.