Category Budget Clause Samples
The Category Budget clause establishes a specific financial limit for spending within a defined category of goods or services under a contract. It typically outlines the maximum amount that can be allocated or reimbursed for expenses in that category, and may require prior approval for any expenditures exceeding the set budget. This clause helps control costs, ensures financial discipline, and prevents overspending by clearly delineating budgetary boundaries for each category.
Category Budget. Each WA shall contain a category budget. CAM shall allocate a total budget to each WA. WA budgets are divided into categories such as: • Total labor amount • Subcontracted amount • Travel and per diem total amount • Other direct or miscellaneous costs, including rental charges/fees, with details of specific item, quantity, rate and cost. • Other items as required by CAM, as allowed by the Agreement Budget NOTE: these categories are examples only. The WA budget shall contain the actual budget categories. Contractor may spend the category budget up to the maximum amounts allocated for each category in the WA. Contractor shall not exceed the budgeted amount for each category unless the WA is amended. Contractor shall not exceed budgeted rate caps in the Agreement budget See Exhibit B, Budget Reallocation.
Category Budget. Each WA shall contain a category budget. CAM shall allocate a total budget to each WA. WA budgets are divided into categories such as: • Total labor amount, based on loaded rates of person or job classification • Subcontracted amount • Travel and per diem total amount, with details of trip (number of trips, to and from location, number of people). • Equipment, as allowed by Agreement budget, with details of specific equipment for purchase and cost • Other direct or miscellaneous costs, including rental charges/fees, with details of specific item, quantity, rate and cost. Within each category, specific budget items are estimates and Contractor may spend the category budget up to the maximum amounts allocated for each category in the WA. Contractor shall not exceed the budgeted amount for each category unless the WA is amended.
Category Budget. Each WA shall contain a category budget. CAM shall allocate a total budget to each WA. WA budgets are divided into categories such as: NOTE: these categories are examples only. The WA budget shall contain the actual budget categories. Contractor may spend the category budget up to the maximum amounts allocated for each category in the WA. Contractor shall not exceed the budgeted amount for each category unless the WA is amended. Contractor shall not exceed budgeted rate caps in the Agreement budget See Exhibit B, Budget Reallocation.
Category Budget. Each WA shall contain a category budget. CAM shall allocate a total budget to each WA. WA budgets are divided into categories such as: Total labor amount, based on loaded rates of person or job classification Subcontracted amount Travel and per diem total amount, with details of trip (number of trips, to and from location, number of people). Equipment, as allowed by Agreement budget, with details of specific equipment for purchase and cost. Other direct or miscellaneous costs, including rental charges/fees, with details of specific item, quantity, rate and cost. Within each category, specific budget items are estimates and Contractor may spend the category budget up to the maximum amounts allocated for each category in the WA. Contractor shall not exceed the budgeted amount for each category unless the WA is amended. Task Budget A WA may contain a task budget. The task budget is for purposes of evaluating work progress, cost estimates for labor hours and costs for each WA task. The estimated task amounts listed in the budget for each category are not spending caps for the tasks. The Contractor may shift budget amounts between tasks, spending more than the estimated amount for the task (up to the maximum amount of the WA budget) with Contract Manager approval. Payment Payment for services is based upon an approved category budget in each WA. Any costs or expenses incurred by the Contractor or any subcontractor that have not been identified in the WA shall be borne by the Contractor. Costs The actual cost of an approved, completed WA shall not exceed the authorized amount of the WA budget. If, in the performance of the WA, the Contractor or CAM determines that the total cost might exceed the WA budget amount, Contractor or CAM shall immediately notify the other. Upon such notification, the CAM may: Amend the WA scope of work to accomplish the work within the budget; or Amend the WA to augment the budget; or Direct the Contractor to complete the work for the budgeted amount without changes to the scope of work; or Terminate the WA.
Category Budget. Each WA shall contain a category budget. CAM shall allocate a total budget to each WA. WA budgets are divided into categories such as: Total labor amount, based on loaded rates of person or job classification Subcontracted amount Travel and per diem total amount, with details of trip (number of trips, to and from location, number of people). Other direct or miscellaneous costs, including rental charges/fees, with details of specific item, quantity, rate and cost. Other items as required by CAM, as allowed by the Agreement Budget NOTE: these categories are examples only. The WA budget shall contain the actual budget categories. Within each category, specific budget items are estimates and Contractor may spend the category budget up to the maximum amounts allocated for each category in the WA. Contractor shall not exceed the budgeted amount for each category unless the WA is amended. Contractor shall not exceed budgeted rate caps in the Agreement budget. See Exhibit B, Budget Reallocation.