Direct Costs and Indirect Costs Sample Clauses

Direct Costs and Indirect Costs. The European Commission’s reimbursement of eligible costs cannot exceed the set upper funding limit. The different upper funding limits, 50%, 75% or 100%, will depend on the type of activity and on the type of beneficiary (see table below). Type of activity Type of beneficiary Research and technological development activities Demonstration activities Other activities: dissemination, networking, coordination Intellectual Property, studies, promotion Management activities Training activities • non-profit public bodies • secondary and higher education establishments • research organisations • SMEs 75% 50% 100% 100% 100% All the legal entities not listed above (large enterprise, non-research- profit bodies, etc.) 50% 50% 100% 100% 100% Depending on the characteristics of the operation, eligible costs can be considered either direct costs or indirect costs, but no cost can be taken into account twice as a direct cost and an indirect cost. Direct costs are those costs which can be attributed directly to the project and are identified by the beneficiaries as such, in accordance with its accounting principles and its usual internal rules. Hereafter a non- exhaustive list of possible direct costs: personnel, travel and subsistence, equipment, consumable, subcontracting. Indirect costs are all those eligible costs which cannot be identified by the beneficiaries as being directly attributed to the project, but which can be identified and justified by its accounting system as being incurred in direct relationship with the direct costs attributed to the project. Indirect costs, also called overheads, are all the structural and support costs of an administrative, technical and logistical nature which are cross-cutting for the operation of the beneficiaries body’s various activities and cannot therefore be attributed in full to the project. Hereafter a brief explanation of the different models used by project Beneficiaris:
Sample 1
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Direct Costs and Indirect Costs. The European Commission’s reimbursement of eligible costs cannot exceed the set upper funding limit. The different upper funding limits will depend on the type of activity and on the type of beneficiary. Depending on the characteristics of the operation, eligible costs can be considered either direct costs or indirect costs, but no cost can be taken into account twice as a direct cost and an indirect cost. Direct costs are those costs which can be attributed directly to the project and are identified by the beneficiaries as such, in accordance with its accounting principles and its usual internal rules. Hereafter a non- exhaustive list of possible direct costs: personnel, travel and subsistence, equipment, consumables, subcontracting. Indirect costs are all those eligible costs which cannot be identified by the beneficiaries as being directly attributed to the project, but which can be identified and justified by its accounting system as being incurred in direct relationship with the direct costs attributed to the project. Indirect costs, also called overheads, are all the structural and support costs of an administrative, technical and logistical nature which are cross-cutting for the operation of the beneficiaries body’s various activities and cannot therefore be attributed in full to the project. Beneficiaries must declare their indirect costs according the indirect costs model that they set in the approved proposal.
Sample 1

Related to Direct Costs and Indirect Costs

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Indirect Cost Except as otherwise authorized by this contract, no indirect costs shall be reimbursed.

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Total Project Costs The sum of the Construction Cost, allowances for contingencies, and the total costs of services of Engineer or other design professionals and consultants, together with such other Project-related costs that Owner furnishes for inclusion, including but not limited to cost of land, rights-of-way, compensation for damages to properties, Owner’s costs for legal, accounting, insurance counseling and auditing services, interest and financing charges incurred in connection with the Project, and the cost of other services to be provided by others to Owner pursuant to Exhibit B of this Agreement.

  • Meals and Incidental Expenses Employee meals and incidental expenses while on travel status within the continental U.S. are in accordance with the federal per diem rates published by the General Services Administration. Incidental expenses include tips to maids, hotel staff, and shuttle drivers and other minor travel expenses. Per diem rates are available at xxx.xxx.xxx/xxxxxxx. Per diem for Alaska, Hawaii, U.S. protectorates and international destinations are provided separately by the Department of State and will be determined as required.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Subcontract Costs Payments made by the Construction Manager to Subcontractors in accordance with the requirements of the subcontracts.

  • Costs and Charges 8.19.1 To protect the Landlord from loss arising from a claim that may be brought against the Tenant as a consequence of a breach by the Tenant of any covenant contained in this Agreement. Such loss shall be deemed to include any charges which the Landlord may reasonably incur in connection with proceedings in a court of law against the Tenant but without prejudice to a Tenant’s right to have such costs assessed by the relevant court.

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