Common use of Budget and Indirect Clause in Contracts

Budget and Indirect. Cost Rate HHSC Grant Agreement, Contract No. HHS001513400020 Page 1 of 6 HHS Signature Document - Grantee v 3.1 Effective: August 2022 Indirect Cost Rate: If an indirect cost rate letter is required but has not been issued by System Agency at the time of Grant Agreement Execution, the Parties agree to amend the Grant Agreement to include the indirect cost rate letter and make any necessary, corresponding amendments to the budget after the letter is issued. Grantee must have an approved or acknowledged indirect cost rate in order to recover indirect costs.

Budget and Indirect. Cost Rate HHSC System Agency Grant Agreement, Contract No. HHS001513400020 #HHS001413200001 Page 1 of 6 5 HHS Signature Document - Grantee v 3.1 Effective: August 2022 Indirect Cost Rate: If an indirect cost rate letter is required but has not been issued by System Agency at the time of Grant Agreement Contract Execution, the Parties agree to amend the Grant Agreement to include the indirect cost rate letter and make any necessary, corresponding amendments to the budget after the letter is issued. Grantee must have an approved or acknowledged indirect cost rate in order to recover indirect costs.