Indirect Cost Allocation Sample Clauses
The Indirect Cost Allocation clause defines how indirect costs—expenses not directly attributable to a specific project or activity, such as administrative overhead or utilities—are distributed among various projects or departments. Typically, this clause outlines the methodology for calculating and assigning these costs, such as using a predetermined rate or allocating based on direct labor hours. By establishing clear rules for sharing indirect expenses, the clause ensures fairness and transparency in budgeting and cost reporting, preventing disputes and promoting accurate financial management.
Indirect Cost Allocation. The budget for this Award does not include an allocation of segregated indirect billing rates. Therefore, indirect charges shall not be charged under allocated billing rates, nor shall reimbursement be requested for this project for segregated indirect cost billing rates, nor shall any indirect charges for this project be allocated to any other Federally sponsored project. The Recipient cannot claim indirect costs separately as cost share.
Indirect Cost Allocation. The recipient has a federally approved provisional Negotiated Indirect Cost Rate Agreement (NICRA) with a current effective period identified for billing and estimation purposes and it applies uniformly across all federal awards. These costs shall be reconciled or trued up (actual incurred costs) on an annual basis with the recipient’s cognizant agency. An updated rate proposal or NICRA is required if the recipient requests to bill the DOE higher billing rates than those listed in the current NICRA.
Indirect Cost Allocation. The budget for this Award does not include an allocation of segregated indirect billing rates. Therefore, indirect charges shall not be charged under allocated billing rates, nor shall reimbursement be requested for this project for segregated indirect cost billing rates, nor shall any indirect charges for this project be allocated to any other Federally sponsored project. The Recipient cannot claim indirect costs separately as cost share. The budget for this award does not include an allocation of segregated fringe billing rates. Fringe benefit costs have been found reasonable as incorporated in the Recipient’s burdened labor rate or under an allocated indirect cost billing rate. Therefore, fringe benefit costs shall not be charged as a separate rate allocation to this Award. SCEP will not reimburse fringe benefit costs as a separate budget item. Fringe benefit costs for this Award cannot be allocated as a separate rate allocation to any other Federally sponsored project.
Indirect Cost Allocation. The Recipient does not have an approved or current Negotiated Indirect Cost Rate Agreement (NICRA) and has submitted an indirect rate proposal as approval for indirect costs to be invoiced to the DOE under segregated billing rates. The approved indirect cost billing rate is 46.11% and shall be allocated to the base of Direct Labor, plus accompanying Fringe Costs. An updated rate proposal is required if the Recipient requests to bill the DOE higher billing rates than those listed herein.
Indirect Cost Allocation