Common use of Indicative Budgets Clause in Contracts

Indicative Budgets. The Contractor shall provide to the CNH, for informative purposes, within the first Business Day of the fourth Trimester of each Year, indicative budgets that must contain a detailed list of the activities the Contractor plans to carry out and the estimated cost for each activity, notwithstanding that the Contractor may submit subsequent updates.

Indicative Budgets. The Contractor shall provide to the CNH, for informative purposes, within the first Business Day of the fourth Trimester Quarter of each Year, indicative budgets that must contain a detailed list of the activities the Contractor plans to carry out and the estimated cost for each activity, notwithstanding that the Contractor may submit subsequent updates.