Budget and Billing Format Sample Clauses

Budget and Billing Format. The project budget should be broken down by jurisdiction by applying a base rate and then add‐on costs as applicable for inventories, public meetings, etc. that will vary by jurisdiction. Cost per agency matrices are provided for each scope of work items that requires the breakdown information. Cost savings for the jurisdictions is one of the main reasons for completing a Multi‐Jurisdictional Housing Element so cost breakdown by jurisdiction is critical. The contractor should have an accounting system capable of segregating direct cost from indirect costs per the above cited regulations. The Contractor and Subcontractors will comply with all applicable laws and maintain books, documents, papers, and accounting records for a period of three years from the date of the final payment. In the event one or more of the fifteen jurisdictions elects to remove it (them) self (selves) from this multi‐jurisdictional effort before the contract is signed, its (their) share(s) of the cost will be deducted from the total cost of the contract. Each jurisdiction is to be billed separately.