Costs and Cost Sharing Sample Clauses
The "Costs and Cost Sharing" clause defines how expenses related to a project or agreement will be allocated between the involved parties. It typically outlines which costs are covered by each party, the method for reimbursing shared expenses, and any limits or conditions on cost contributions. For example, one party may be responsible for direct project costs while the other covers administrative overhead, or both may split certain expenses according to a predetermined ratio. This clause ensures transparency and fairness in financial responsibilities, helping to prevent disputes over payment and clarifying each party's obligations.
Costs and Cost Sharing. The Parties agree that the costs to administer and implement this Agreement, as described in Appendix J, are subject to each Party’s appropriation and allocation of resources, and the 3-5 year work plan approved under section 13.1.2 f) of this Agreement.
Costs and Cost Sharing a) The costs to administer and implement this Agreement (as described in Appendix J) will be shared appropriately, as determined by the Parties on a case by case basis, and limited by 13.2 (b) (c) and (d).
b) Each Party is responsible for the costs of its own members’ participation on committees.
c) All costs associated with Bilateral Management are subject to each Party’s appropriation and allocation of resources.
d) The costs will not exceed XX per Party per year2, subject to each Party’s appropriations and the 3-5 year work plan approved in 13.1.2 e).
e) The adequacy and effectiveness of cost and cost sharing provisions under this Section will be reviewed by the Parties every 3-5 years.
Costs and Cost Sharing. Costs include construction, contingencies, project development, engineering (civil, geotechnical, structural, electrical, and construction), land surveying, CLOMR or Letter of Map Revision (LOMR), utility relocations, right-of-way and negotiations, wetland mitigation, legal and admit fees, permitting, and fiscal. The overall cost of construction and implementation of Alternative 1 is $3,282,200 and is to be shared among federal, state, county, and local entities. The preliminary funding scenario percentages are as follows: Alternative 1 100% (Construction & Engineering, 50% (Wetland Mitigation) 50% (of non- federal share) 50% (of local share) 50% (of local share) $3,282, 200