Budget Limitations Clause Samples
The Budget Limitations clause sets a maximum financial cap on the amount that can be spent or reimbursed under an agreement. In practice, this clause restricts the total expenditures for a project or contract, ensuring that costs do not exceed a predetermined budget; for example, it may specify that the contractor cannot invoice for more than a set dollar amount. Its core function is to control financial risk and provide certainty for both parties by preventing unexpected or excessive costs.
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Budget Limitations lack of funds; change in instructional or service programs or courses; or lack of students participating in particular programs, course, or services.
Budget Limitations. The design of the project shall be based upon the scope of work defined in the project proposal attached hereto as Exhibit “A” and made a part of this Agreement by this reference as though set forth in full herein. No change from said scope of work shall be made unless so authorized in writing by the City or the City’s designated representative.
Budget Limitations. Classifiers advise on proper grade levels for the work being performed regardless of the financial impact of any re-classification proposals. If the organization’s budget will not support proposed upgrades, then management may have to consider other alternatives.
Budget Limitations. CONTRACTOR shall be paid only within the established contract Budget and the Budget Line Flexibility outlined in the Budget Exhibit. All costs must be reasonable, necessary, allowable and allocable as defined by Federal and State of Oregon laws and rules, including applicable OMB Circulars, Pass-Through Entity (the “Pass-Through Entity”, if any, is identified on the signature page of the Contract), and Worksystems’ policies and procedures.
Budget Limitations. The construction budget for this Project shall be determined by the Owner, and the Consultant shall be advised of the budget limitation in writing by the Owner and the Consultant shall indicate his acceptance of same in writing to the Owner. Any subsequent budget revisions shall be confirmed in writing. If, at the completion of the Preliminary or Design Phase, the Consultant does not concur with the construction budget, he shall so notify the Owner, and the Consultant and Owner shall mutually agree on a revised construction budget prior to any work on the Design Phase. If no bid is received within the budget limitation and a redesign of the project if required by the Owner, such redesign shall be accomplished by the Consultant at no additional cost to the Owner, provided, however, if the receipt of bids are, for any reason, delayed beyond a period of six (6) months from the date of the completion of the Design Phase the amount stated as the construction budget shall be adjusted, immediately prior to the time bids are received, by use of a construction cost index acceptable to both parties of this agreement.
Budget Limitations. The City shall provide full information as to the requirements and expectations of the Consultant, including budget limitations and scheduling.
Budget Limitations. The Future Skills Programme has a total fund in the region of £5,769,507 available. The number of lots a supplier may bid for is capped at five.
Budget Limitations. 2.12.1 The Design Professional understands and acknowledges that the Owner has established a construction budget for the project. The Design Professional agrees to design the project so that the cost of construction shall not exceed the construction budget.
2.12.1.1 The Owner may instruct the Design Professional to modify the drawings as required to meet the approved budget figure; or
2.12.1.2 The Owner may revise the budget and authorize the Design Professional to proceed based upon the CM's estimate.
Budget Limitations. 2.12.1 The Design Professional understands and acknowledges that the Owner has established a construction budget for the project. The Design Professional agrees to design the project so that the cost of construction shall not exceed the construction budget. The budget shall be reviewed at each stage of preparation of drawings and the Design Professional shall rely on the CM's review of budget figures. If the CM's proposed GMP is in excess of the budget:
2.12.1.1 The Owner may instruct the Design Professional to modify the drawings as required to meet the approved budget figure; or
2.12.1.2 The Owner may revise the budget and authorize the Design Professional to proceed based upon the CM's estimate.
Budget Limitations. Provisions of negotiations agreements are always subject to sufficient funds being made available to the Board to carry out properly the terms of the agreement. When and if it becomes known that sufficient funds will not, in fact, be available with which to finance certain ratified items as well as meet the other requirements of the school district, the negotiating teams will meet and renegotiate those items within the framework of the amount of funds available.