DIRECT AND INDIRECT COSTS. Costs shall be charged to the Operating Account using consistent methods from Year to Year, and such methods shall be agreed upon by the Parties subject to the following principles:
DIRECT AND INDIRECT COSTS. 5.1 Costs and Expenses for the Collaborative Research Costs and expenses for the Collaborative Research shall consist solely of “Direct Costs” and “Indirect Costs” defined herein below.
DIRECT AND INDIRECT COSTS. 22.6.1 All Direct Costs of the Joint Operation shall be charged to the Parties in the same proportion that the production is allocated after royalties.
DIRECT AND INDIRECT COSTS. Costs allowable under this Agreement are based on the Project and budget and shall be consistent with Awardee’s policies. The Award Funds may be used for direct expenses such as personnel, cost for using existing hardware, existing pilot plant or existing laboratory infrastructure, necessary travel (coach class), supplies, new equipment if specified in Exhibit A, contracted services, sub-grants, and consultants. The Award Funds may be used to pay any indirect costs so long as the aggregate amount of indirect costs does not exceed 6% of the total Award Funds. Indirect costs are defined as (1) overhead expenses incurred as a result of the Project, but that are not easily identifiable with the Project and (2) administrative expenses that are related to overall general operations and are shared among projects and/or functions. Examples of indirect costs include, but are not limited to, rent, insurance, gas, and electricity.
DIRECT AND INDIRECT COSTS. Any DOTD direct or indirect costs associated with this Project may be charged to this Project. If the Entity is indicated in the Responsibility Table as being responsible for a Stage/Phase, the Entity may be eligible for reimbursement of direct and/or indirect costs incurred related to administration of the contract for such Stage/Phase. Per 2 CFR 200, an Entity must establish and maintain effective internal controls over Federal award to provide reasonable assurance that awards are being managed in compliance with federal laws and regulations. The Entity must verify this to DOTD by completing and signing the Risk Assessment form. The Entity’s failure to comply with these requirements may result in Agreement termination. As per 2 CFR 200 the Entity may receive indirect costs if it has a financial tracking system that can track direct costs incurred by the project. An Entity that has never received a negotiated indirect cost rate may elect to charge a de minimis rate of 10% of modified total direct costs as per 2CFR 200.68 Modified Total Direct Cost (MTDC). If chosen, this methodology once elected must be used consistently for all Federal awards until such time as the Entity chooses to negotiate for a rate, which the Entity may apply to do at any time. Allowable direct and indirect costs: Determination of allowable direct and indirect costs will be made in accordance with the applicable Federal cost principles, e.g. 2 C.F.R. Part 200 Subpart E. Disallowed direct and indirect costs: Those charges determined to not be allowed in accordance with the applicable Federal cost principles or other conditions contained in this Agreement.
DIRECT AND INDIRECT COSTS. Any DOTD direct or indirect costs associated with this Project may be charged to this Project. The Entity may be eligible for reimbursement of direct and/or indirect costs incurred related to administration of the Project. Per 2 CFR 200, an Entity must establish and maintain effective internal controls over Federal award to provide reasonable assurance that awards are being managed in compliance with federal laws and regulations. The Entity must verify this to DOTD by completing and signing the Risk Assessment form. The Entity’s failure to comply with these requirements may result in Agreement termination. As per 2 CFR 200 the Entity may receive indirect costs if it has a financial tracking system that can track direct costs incurred by the project. An Entity that has never received a negotiated indirect cost rate may elect to charge a de minimis rate of 10% of modified total direct costs as per 2CFR 200.68 Modified Total Direct Cost (MTDC). If chosen, this methodology once elected must be used consistently for all Federal awards until such time as the Entity chooses to negotiate for a rate, which the Entity may apply to do at any time. Allowable direct and indirect costs: Determination of allowable direct and indirect costs will be made in accordance with the applicable Federal cost principles, e.g. 2 C.F.R. Part 200 Subpart E. Disallowed direct and indirect costs: Those charges determined to not be allowed in accordance with the applicable Federal cost principles or other conditions contained in this Agreement.
DIRECT AND INDIRECT COSTS. Costs and expenses to be paid out of the Research Funds shall consist solely of “Direct Costs” and “Indirect Costs” as defined below.
DIRECT AND INDIRECT COSTS. 1. Direct costs of the SVRP, CSIP and SRDF are costs which can be tracked as costs of these particular activities through invoices, time cards, record keeping systems, and other records that specifically allocate a cost to these activities. Indirect costs are all other costs incurred by PCA in order to manage, maintain, support, and operate the SVRP or the CSIP.
DIRECT AND INDIRECT COSTS. Only direct costs, that can be identified specifically with a particular final cost objective, and can be directly identified and assigned and charged to this CDBG award will be considered as eligible costs under this agreement. These direct costs must not be recoverable under any other Federal award under a direct or indirect cost center. Indirect costs shall not be charged under this agreement.
