Common use of Award Calculation Clause in Contracts

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement. The necessary rehabilitation and/or elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of the cost of the Scope of Work and/or the Reimbursement Estimate based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the reimbursement and rehabilitation of the home, less any DOB and the calculation of the final Grant Amount, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, or construction of the Damaged Home for no less than seven (7) years from the date of this Agreement. Participant will provide the documentation to NCORR upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or and elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement. The necessary rehabilitation and/or and elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or and elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of the cost of the Scope of Work and/or the Reimbursement Estimate based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the reimbursement and rehabilitation of the home, less any DOB and the calculation of the final Grant Amount, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, or construction of the Damaged Home for no less than seven (7) years from the date of this Agreement. Participant will provide the documentation to NCORR upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management ContractorNCORR and/or its contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make bring the damaged home decent, safe property in alignment with U.S. Department of Housing and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this AgreementUrban Development Housing Quality Standards. The necessary rehabilitation and/or elevation is based on a Scope of Work determined by a damage assessment inspection made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or elevation estimate attached as Exhibit B A “Scope of WorkAward Calculation Table,” and any Change Order(s) approved by NCORR and the Participant(s)NCORR. Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. A. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of less than the total cost of the Scope of Work and/or the Reimbursement Estimate based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. account (“Escrow Account”)) or contribute the escrow amount in accordance with program policies. Participant(s) have received and consented to NCORR’s calculation of the value of the reimbursement and rehabilitation of the home, less any DOB and the calculation of the final Grant Amount, as shown on Exhibit A (“Award Calculation of Grant AwardDetails”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, elevation or construction of the Damaged Home for no less than seven five (75) years from the date of this Agreementproject closeout. Participant will provide the documentation to NCORR upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement. The necessary rehabilitation and/or elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of the cost of the Scope of Work and/or the Reimbursement Estimate based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the reimbursement and rehabilitation of the home, less any DOB and the calculation of the final Grant AmountXxxxx Xxxxxx, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, or construction of the Damaged Home for no less than seven (7) years from the date of this Agreement. Participant will provide the documentation to NCORR upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or and elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement. The necessary rehabilitation and/or and elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or and elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of the cost of the Scope of Work and/or the Reimbursement Estimate based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the reimbursement and rehabilitation of the home, less any DOB and the calculation of the final Grant AmountXxxxx Xxxxxx, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, or construction of the Damaged Home for no less than seven (7) years from the date of this Agreement. Participant will provide the documentation to NCORR upon request.