Common use of ALLOWABLE COST Clause in Contracts

ALLOWABLE COST. The total cost to NCTCOG for performance of the work under this Contract shall not exceed <<insert written amount ($amount) >> and the CONSULTANT agrees to perform the work specified in Appendix A and all other obligations under this Contract for no more than this cost. NCTCOG shall not be obligated to pay the CONSULTANT any costs in excess of this amount and CONSULTANT shall not be obligated to perform any services specified in Appendix A in excess of this amount except as amended in accordance with Article III. Any compensation due to the CONSULTANT for performance of this Contract must be approved in accordance with Articles V and VI of this Contract and shall be payable only after approval of this project by NCTCOG and receipt of funds from its funding agencies if applicable. There shall be no obligation whatsoever to pay for performance of this Contract from the monies of NCTCOG, except funding specifically obligated for this Contract. The CONSULTANT shall be paid allowable costs as outlined in the Contract Cost Estimate included in Appendix B, for the performance of work under this Contract. Allowable costs are the direct, indirect costs, and fixed fee/profit incurred in or allocable to the performance of the services under this Contract and are the type of charges that would be allowable under 2 Code of Federal Regulations (CFR) 200, “Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”

ALLOWABLE COST. The total cost to NCTCOG for performance of the work under this Contract shall not exceed <<insert written amount ($amount) >> and the CONSULTANT agrees to perform the work specified in Appendix A and all other obligations under this Contract for no more than this cost. NCTCOG shall not be obligated to pay the CONSULTANT any costs in excess of this amount and CONSULTANT shall not be obligated to perform any services specified in Appendix A in excess of this amount except as amended in accordance with Article III. Budgets between tasks and line items can be modified without an amendment to the Contract, so long as the modifications do not revise the total Contract amount stated herein. The expenses and rates in Appendix B may be amended from time to time if approved in advance in writing by NCTCOG. Any compensation due to the CONSULTANT for performance of this Contract must be approved in accordance with Articles V and VI of this Contract and shall be payable only after approval of this project by NCTCOG and receipt of funds from its funding agencies if applicable. There shall be no obligation whatsoever to pay for performance of this Contract from the monies of NCTCOG, except funding specifically obligated for this Contract. The CONSULTANT shall be paid allowable costs as outlined in the Contract Cost Estimate included in Appendix B, for the performance of work under this Contract. Allowable costs are the direct, indirect costs, and fixed fee/profit incurred in or allocable to the performance of the services under this Contract and are the type of charges that would be allowable under 2 Code of Federal Regulations (CFR) 200, “Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”

ALLOWABLE COST. The total cost to NCTCOG for performance of the work under this Contract shall not exceed <<insert written amount ($amount) >> and the CONSULTANT agrees to perform the work specified in Appendix A and all other obligations under this Contract for no more than this cost. NCTCOG shall not be obligated to pay the CONSULTANT any costs in excess of this amount and the CONSULTANT shall not be obligated to perform any services specified in Appendix A in excess of this amount except as amended in accordance with Article III. Budgets between tasks and line items can be modified without an amendment to the Contract, so long as the modifications do not revise the total Contract amount stated herein. The expenses and rates in Appendix B may be amended from time to time if approved in advance in writing by NCTCOG. Any compensation due to the CONSULTANT for performance of this Contract must be approved in accordance with Articles V and VI of this Contract and shall be payable only after approval of this project by NCTCOG and receipt of funds from its funding agencies if applicableContract. There shall be no obligation whatsoever to pay for performance of this Contract from the monies of NCTCOG, except funding specifically obligated for this Contract. The CONSULTANT shall be paid allowable costs as outlined in the Contract Cost Estimate included in Appendix B, for the performance of work under this Contract. Allowable costs are the direct, indirect costs, and fixed fee/profit incurred in or allocable to the performance of the services under this Contract and are the type of charges that would be allowable under 2 Code of Federal Regulations (CFR) 200, “Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”