Common use of Costs Reimbursed Clause in Contracts

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that FTA determines otherwise in writing, Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions of the Grant Agreement or Cooperative Agreement for the Project and this Master Agreement, (2) Necessary in order to accomplish the Project, (3) Reasonable for the goods or services purchased, (4) Actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value received by the Recipient that have the effect of reducing the cost actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that the Federal Government determines otherwise in writing, (6) Satisfactorily documented, (7) Treated consistently in accordance with accounting principles and procedures approved by the Federal Government for the Recipient, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, and other participants in the Project, (8) Eligible for Federal participation under Federal law and regulations and in accordance with applicable Federal directives, and (9) In compliance with U.S. DOT regulations pertaining to allowable costs at 49 C.F.R. § 18.22(b) or 49 C.F.R. § 19.27, which regulations specify the applicability of U.S. OMB circulars and Federal Acquisition Regulation (FAR) provisions as follows: (a) U.S. OMB guidance for Grants and Agreements, “Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” 2 C.F.R. Part 225, applies to Project costs incurred by a Recipient that is a State, local government, or Indian tribal government. (b) U.S. OMB guidance for Grants and Agreements, “Cost Principles for Educational Institutions (OMB Circular A-21),” 2 C.F.R. Part 220, applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance for Grants and Agreements “Cost Principles for Non-profit Organizations (OMB Circular A-122),” 2 C.F.R. Part 230, applies to Project costs incurred by a Recipient that is a private nonprofit organization. (d) FAR, at 48 C.F.R. Chapter 1, Subpart 31.2, “Contracts with Commercial Organizations” applies to Project costs incurred by a Recipient that is a for-profit organization.

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that as FTA determines otherwise in writing, the Recipient agrees that Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions of the Grant Agreement or Cooperative Agreement for the Project underlying Agreement, and this Master Agreement, (2) Necessary in order to accomplish carry out the Project, (3) Reasonable for the goods property or services purchasedacquired, (4) Actual The actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value it has received by that reduced the Recipient that have the effect of reducing the cost costs it actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that the Federal Government determines otherwise in writingunderlying Agreement, (6) Satisfactorily documented, (7) Treated consistently as provided in accordance with federally approved accounting principles and procedures approved by the Federal Government for the Recipientprocedures, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, and other participants in the Project,and (8) Eligible for Federal participation funding under Federal law laws, regulations, and regulations and in accordance with applicable Federal directives, and (9) In compliance with including U.S. DOT regulations pertaining to allowable costs at costs, specifically 49 C.F.R. § 18.22(b) or and 49 C.F.R. § 19.27, which regulations specify identify the applicability of U.S. OMB circulars and applicable Federal Acquisition Regulation (FAR) provisions cost principles as follows: (a) U.S. OMB guidance for Grants and AgreementsOMB, “Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” 2 C.F.R. Part 225, which applies to Project costs incurred by a Recipient that is a State, local government, or Indian tribal government. (b) U.S. OMB guidance for Grants and AgreementsOMB, “Cost Principles for Educational Institutions (OMB Circular A-21),” 2 C.F.R. Part 220, which applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance for Grants and Agreements OMB, “Cost Principles for Non-profit Organizations (OMB Circular A-122),” 2 C.F.R. Part 230, which applies to Project costs incurred by a Recipient that is a private nonprofit organization. (d) The FAR, at specifically 48 C.F.R. Chapter 1, Subpart 31.2, “Contracts with Commercial Organizations,” which applies to Project costs incurred by a Recipient that is a for-profit organization.

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that FTA determines otherwise in writing, to be eligible for reimbursement, Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions terms of the Grant Agreement or Cooperative Agreement for the Project and this Master Agreement, (2) Necessary in order to accomplish the Project, (3) Reasonable for the goods or services purchased, (4) Actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value received by the Recipient that have the effect of reducing the cost actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that unless the Federal Government determines otherwise in writing, (6) Satisfactorily documented, (7) Treated consistently in accordance with accounting principles and procedures approved by the Federal Government for the Recipient, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, contractors and other participants in the Projectsubrecipients, (8) Eligible for Federal participation under Federal law and regulations and in accordance with applicable Federal law, regulations, or directives, and (9) In compliance with U.S. DOT regulations pertaining to allowable costs at 49 C.F.R. § 18.22(b) or 49 C.F.R. § 19.27, which regulations specify the applicability of U.S. OMB circulars and unless otherwise authorized by Federal Acquisition Regulation (FAR) provisions as follows:law or subsequent Federal regulation. Thus, (a) U.S. OMB guidance for Grants and AgreementsCircular A-87, “"Cost Principles for State, Local, State and Indian Tribal Governments (OMB Circular A-87)Local Governments,” 2 C.F.R. Part 225" Revised, applies to Project costs incurred by a Recipient that is a State, local governmentlocal, or Indian tribal government. (b) U.S. OMB guidance for Grants and AgreementsCircular A-21, “"Cost Principles for Educational Institutions (OMB Circular A-21)Institutions,” 2 C.F.R. Part 220" Revised, applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance for Grants and Agreements Circular A-122, “Cost Principles for Non-profit Organizations (OMB Circular A-122)Profit Organizations,” 2 C.F.R. Part 230" Revised, applies to Project costs incurred by a Recipient that is a private nonprofit organization. (d) the Federal Acquisition Regulation (FAR), at 48 C.F.R. Chapter 1I, Subpart 31.2, “"Contracts with Commercial Organizations” " applies to Project costs incurred by a Recipient that is a for-profit organization.

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that FTA determines otherwise in writing, to be eligible for reimbursement by FTA, Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions of the Grant Agreement or Cooperative Agreement for the Project and this Master Agreement, (2) Necessary in order to accomplish the Project, (3) Reasonable for the goods or services purchased, (4) Actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value received by the Recipient that have the effect of reducing the cost actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that the Federal Government determines otherwise in writing, (6) Satisfactorily documented, (7) Treated consistently in accordance with accounting principles and procedures approved by the Federal Government for the Recipient, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, and other participants in the Project, (8) Eligible for Federal participation under Federal law and regulations and in accordance with applicable Federal directives, and (9) In compliance with U.S. DOT regulations pertaining to allowable costs at 49 C.F.R. § 18.22(b) or 49 C.F.R. § 19.27, which regulations specify the applicability of U.S. OMB circulars and Federal Acquisition Regulation (FAR) provisions as follows: (a) U.S. OMB guidance Guidance for Grants and Agreements, “Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” ”, 2 C.F.R. Part 225, applies to Project costs incurred by a Recipient that is a State, local governmentlocal, or Indian tribal government. (b) U.S. OMB guidance Guidance for Grants and Agreements, “Cost Principles for Educational Institutions (OMB Circular A-21),” 2 C.F.R. Part 220, applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance Guidance for Grants and Agreements “Cost Principles for Non-profit Organizations (OMB Circular A-122),” 2 C.F.R. Part 230, applies to Project costs incurred by a Recipient that is a private nonprofit organization. (d) FAR, at 48 C.F.R. Chapter 1, Subpart 31.2, “Contracts with Commercial Organizations” applies to Project costs incurred by a Recipient that is a for-profit organization.

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that FTA determines otherwise in writing, to be eligible for reimbursement, Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions of the Grant Agreement or Cooperative Agreement for the Project and this Master Agreement, (2) Necessary in order to accomplish the Project, (3) Reasonable for the goods or services purchased, (4) Actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value received by the Recipient that have the effect of reducing the cost actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that the Federal Government determines otherwise in writing, (6) Satisfactorily documented, (7) Treated consistently in accordance with accounting principles and procedures approved by the Federal Government for the Recipient, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, contractors and other participants in the Projectsubrecipients, (8) Eligible for Federal participation under Federal law and regulations and in accordance with applicable Federal law, regulations, or directives, and (9) In compliance with U.S. DOT regulations pertaining to allowable costs at 49 C.F.R. § 18.22(b) or 49 C.F.R. § 19.27, which regulations specify the applicability of U.S. OMB Office of Management and Budget (U.S. OMB) circulars and Federal Acquisition Regulation (FAR) provisions as follows: (a) U.S. OMB guidance Guidance for Grants and Agreements, “"Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” " 2 C.F.R. Part 225, applies to Project costs incurred by a Recipient that is a State, local governmentlocal, or Indian tribal government. (b) U.S. OMB guidance Guidance for Grants and Agreements, “"Cost Principles for Educational Institutions (OMB Circular A-21),” " 2 C.F.R. Part 220, applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance Guidance for Grants and Agreements “Cost Principles for Non-profit Organizations (OMB Circular A-122),” 2 C.F.R. Part 230, applies to Project costs incurred by a Recipient that is a private nonprofit organization. . (d) FAR, at 48 C.F.R. Chapter 1I, Subpart 31.2, “"Contracts with Commercial Organizations” " applies to Project costs incurred by a Recipient that is a for-profit organization.

Costs Reimbursed. The Recipient agrees that the Project costs eligible for Federal participation must comply with all the following requirements. Except to the extent that FTA determines otherwise in writing, to be eligible for reimbursement by FTA, the Project costs must be: (1) Consistent with the Project Description, the Approved Project Budget, and other provisions of the Grant Agreement or Cooperative Agreement for the Project and this Master Agreement, (2) Necessary in order to accomplish the Project, (3) Reasonable for the goods or services purchased, (4) Actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of value received by the Recipient that have the effect of reducing the cost actually incurred, excluding program income), (5) Incurred for work performed after the Effective Date of the Grant Agreement or Cooperative Agreement for the Project, except to the extent that the Federal Government determines otherwise in writing, (6) Satisfactorily documented, (7) Treated consistently in accordance with accounting principles and procedures approved by the Federal Government for the Recipient, and with accounting principles and procedures approved by the Recipient for its subrecipients, lessees, third party contractors, and other participants in the Project, (8) Eligible for Federal participation under Federal law and regulations and in accordance with applicable Federal directives, and (9) In compliance with U.S. DOT regulations pertaining to allowable costs at 49 C.F.R. § 18.22(b) or 49 C.F.R. § 19.27, which regulations specify the applicability of U.S. OMB circulars and Federal Acquisition Regulation (FAR) provisions as follows: (a) U.S. OMB guidance Guidance for Grants and Agreements, “Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” 2 C.F.R. Part 225, applies to Project costs incurred by a Recipient that is a State, local government, or Indian tribal government. (b) U.S. OMB guidance Guidance for Grants and Agreements, “Cost Principles for Educational Institutions (OMB Circular A-21),” 2 C.F.R. Part 220, applies to Project costs incurred by a Recipient that is an institution of higher education. (c) U.S. OMB guidance Guidance for Grants and Agreements “Cost Principles for Non-profit Organizations (OMB Circular A-122),” 2 C.F.R. Part 230, applies to Project costs incurred by a Recipient that is a private nonprofit organization. (d) FAR, at 48 C.F.R. Chapter 1, Subpart 31.2, “Contracts with Commercial Organizations” applies to Project costs incurred by a Recipient that is a for-profit organization.