Common use of DIRECT AND INDIRECT COSTS Clause in Contracts

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: (a) costs that may be directly charged to a relevant subdivision of the Operating Account shall be so charged; and (b) costs that cannot easily be charged directly to any subdivision of the Operating Account shall be apportioned either on a time basis or on a pro rata basis. Costs of services that cannot be assessed accurately may be charged according to standard rates and adjusted to actual costs at Year end.

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: (a) costs that may be directly charged to a relevant subdivision of the Operating Account shall be so charged; and (b) costs that cannot easily be charged directly to any subdivision of the Operating Account shall be apportioned either on a time basis or on a pro rata basis. Costs of services that cancan not be assessed accurately may be charged according to standard rates and adjusted to actual costs at Year end.