Cost Reimbursement Method. For the Cost Reimbursement Method of payment, a summary budget broken into the seven (7) categories to be used to issue the Purchase Order:
Cost Reimbursement Method. The UNIVERSITY shall send its standard automated cost reimbursable invoice itemized by major budget category to which the invoice refers to the address referenced on the Purchase Order on a monthly basis. The Purchase Order number must be included on all invoices. In addition, the UNIVERSITY shall prepare and submit a corresponding monthly progress report (unless different reporting requirements are provided in Attachment 1) prepared by the UNIVERSITY’S Principal Investigator . Any subcontractor utilized by the UNIVERSITY in the performance of any Purchase Order will be reimbursed in a timely manner. The final invoice for any Purchase Order shall be submitted within sixty (60) days after the completion date The UNIVERSITY shall delineate in each Scope of Work and the COMMONWEALTH shall be required to approve the cost for tuition reimbursement by the COMMONWEALTH for UNIVERSITY students performing tasks under the Purchase Order in furtherance of the UNIVERSITY’S academic mission and this Agreement. Tuition reimbursement will be treated as part of an individual's salary and fringe benefit package for students. Only where it is a training grant is the UNIVERSITY required to break out tuition costs as a separate cost in the budget. The COMMONWEALTH will not be charged overhead on tuition reimbursement. The UNIVERSITY calculates its fringe benefit rates, including the rate for graduate students, in accordance with Uniform Guidance Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR 200. Monthly invoices will be required for payment of all project expenses. The type of invoice required by Agency will be determined in Attachment 1. All charges on a submitted invoice must be directly related to work performed on tasks identified above. UNIVERSITY will retain supporting cost justification for all invoices (including projects that the Agency selected standard invoicing in Attachment 1) and will, upon request, provide a copy to the Commonwealth Agency if it requires justification due to a discrepancy between the invoice and the project budget or if there is an inquiry regarding invoicing and payment from the Office of the Budget or the Pennsylvania Treasury. If the Agency requires supporting details (receipts, invoices, etc.) to be submitted which each invoice, the Agency will indicate this on Attachment 1 to allow UNIVERSITY to budget for this additional effort. No invoices should be submitted for monthly expenditures of le...
