Common use of Budget Adjustments and Changes Clause in Contracts

Budget Adjustments and Changes. When a Grantee faces increased unbudgeted costs, the Grantee should contact the Authority Project Manager. Budget adjustments cannot increase the grant award amount. Cost overruns that may require reduced scope of work will require Authority approval and an amendment to the grant. If a budget adjustment or other changes indicate to the Authority Project Manager that the project cannot be completed as currently planned and budgeted for, the Authority Project Manager will not approve the release of additional grant funds until the Grantee provides sufficient information on how the Grantee intends to complete the revised project.

Budget Adjustments and Changes. When a Grantee faces increased unbudgeted costs, the Grantee grantee should contact the Authority Authority‟s Project Manager. Budget adjustments cannot increase the grant award amount. Cost overruns that may require reduced scope of work will require Authority approval and an amendment to the grant. If a budget adjustment or other changes indicate to the Authority Authority‟s Project Manager that the project cannot can‟t be completed as currently planned and budgeted for, the Authority Project Manager will not approve the release of additional grant funds until the Grantee grantee provides sufficient information on how the Grantee grantee intends to complete the revised project.

Budget Adjustments and Changes. When a Grantee faces increased unbudgeted costs, the Grantee grantee should contact the Authority Authority’s Project Manager. Budget adjustments cannot increase the grant award amount. Cost overruns that may require reduced scope of work will require Authority approval and an amendment to the grant. If a budget adjustment or other changes indicate to the Authority Authority’s Project Manager that the project cannot can’t be completed as currently planned and budgeted for, the Authority Project Manager will not approve the release of additional grant funds until the Grantee grantee provides sufficient information on how the Grantee grantee intends to complete the revised project.