Common use of Award Calculation Clause in Contracts

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and elevation 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 to pay an authorized Contractor for the rehabilitation and elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation 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 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. The Grant Amount may be limited to a percentage of the cost of the Scope of Work 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 rehabilitation of the home, plus elevations costs, less any DOB and the calculation of the 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 and elevate the home exceeds the final 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 (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 and/or elevation from the CDBG-DR Program. NCORR NCEM 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 to pay an authorized Contractor for the rehabilitation and and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation and 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 and/or elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR NCEM and the Participant(s). Participant(s) have received and consent to NCORRNCEM’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. The Grant Amount may be limited to a percentage of the cost of the Scope of Work 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 NCORRNCEM’s calculation of the value of the rehabilitation of the home, plus elevations costs, 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 and elevate the home exceeds the final Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR NCEM 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 (7) years from the date of this Agreement. Participant will provide the documentation to NCORR NCEM upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and reconstruction and/or elevation 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 to pay an authorized Contractor for the rehabilitation and reconstruction and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation and reconstruction 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 reconstruction 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. The Grant Amount may be limited to a percentage of the cost of the Scope of Work 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 rehabilitation of the home, plus elevations costs, 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 and elevate the home exceeds the final 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 (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 elevation 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 to pay an authorized Contractor for the rehabilitation and and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation 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 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. The Grant Amount may be limited to a percentage of the cost of the Scope of Work 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 rehabilitation of the home, plus elevations costs, less any DOB and the calculation of the 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 and elevate the home exceeds the final 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 (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 reconstruction and/or elevation 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 to pay an authorized Contractor for the rehabilitation and reconstruction and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation and reconstruction 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 reconstruction 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. The Grant Amount may be limited to a percentage of the cost of the Scope of Work 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 rehabilitation reconstruction of the home, plus elevations costs, 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 and elevate the home exceeds the final 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 (7) years from the date of this Agreement. Participant will provide the documentation to NCORR upon request.