Indirect Cost Rate a. As required by 2 CFR 200.331(a)(4), the indirect cost rate(s) for this project at the time the agreement is written is 75.72 percent. This rate may change during the term of this Agreement upon notice to ODOT and ODOT’s subsequent written approval.
b. If the approved rate(s) change(s) during the term of this Agreement, Agency shall invoice ODOT using the current indirect cost rate(s) for the project on file with ODOT at the time the work is performed. If Agency does not have approved indirect cost rate(s) on file with ODOT at the time the work is performed, Agency shall invoice ODOT using a zero percent (0%) rate.
Indirect Cost Rate. If the Subrecipient chooses to charge Indirect under this grant, the Subrecipient shall provide their indirect cost rate that has been negotiated between their entity and the Federal Government. If the subrecipient has never received a negotiated indirect cost rate a de minimis indirect cost rate of 7.5% of modified total direct costs (MTDC) may be used.
Indirect Cost Rate. Grantee shall not spend funding obtained either through this Agreement or any other WIOA Grant or contract on indirect or administrative costs in excess of their Negotiated Indirect Cost Rate.
Indirect Cost Rate. Reimbursement of indirect costs and/or overhead is not allowed under this Agreement.
Indirect Cost Rate. Contractor has opted to accept a rate less than the de minimis maximum rate of 10%. For the base period of this contract, the Indirect Cost rate is 8.0%. Indirect costs in the contract budget are 8.0% of Total Direct Costs. Indirect costs will be billed monthly at a proportional amount (8%) of the modified total direct costs (MTDC).
Indirect Cost Rate. An established percentage of incurred expenses for Direct Costs of Direct Labor which is used as a basis of compensation for Indirect Costs. Fees or Profit are not included in the Indirect Cost Rate.
4.1 If this Agreement wholly or partially allocates Indirect Costs on other than a Direct Labor dollar basis, a description of the Indirect Cost pools or service centers used, and the Indirect Cost Rates(s) and base(s), shall be attached in an Exhibit to this Appendix C; otherwise, such an allocation shall not be allowed for this contract.
4.2 Indirect Cost Rates may be fixed or provisional and will be established for the duration of the Agreement, fiscal year, or other time period.
4.3 Provisional Indirect Cost Rates or "Fixed/ Provisional" Rates require a Contracting Agency approved audit of accounting records after each of the Contractor's or Subcontractor's fiscal years during which they perform work under the Agreement.
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (“ICR”) is contained within ATTACHMENT K, and either the ICR Acknowledgement Letter, ICR Acknowledgement Letter – Ten Percent De Minimis, or the ICR Agreement Letter attached to this Contract and incorporated as ATTACHMENT K, FORM E, INDIRECT COST RATE LETTER.
Indirect Cost Rate. The publication of Title 2 CFR Part 200, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,” released on December 26, 2013, requires that every sub-award of federal funds from pass-through entities (i.e. the SFWIB) to the sub-recipient must include, among other elements, an Indirect Cost Rate. In conformity with Title 2 CFR Part 200, the Contractor shall submit one of the following to the SFWIB along with the program budget (as described in Article IV, F):
A. If the Contractor does not have an approved Indirect Cost Rate: o The Contractor shall develop and submit to the SFWIB’s Finance Unit an initial indirect cost rate proposal. Detailed guidelines for preparing an Indirect Cost Rate proposal are contained in CareerSource Florida Administrative Policy Number 86. Additional information can be found at:
B. If the Contractor has an approved Indirect Cost Rate from a federal agency or pass-thru entity, the Contractor shall submit a copy of the Indirect Cost Rate approval letter from said agency or pass-thru entity to the SFWIB. Please note, an Indirect Cost Rate Proposal is mandated only if the Contractor includes indirect costs in the Exhibit H-Budget for Administrative Costs and Program Costs. However, if indirect costs are not included, a proposal is not required.
Indirect Cost Rate. Unless expressly stated otherwise in this Grant Agreement, in the event of conflict, ambiguity, or inconsistency between or among any documents, all System Agency documents take precedence over Xxxxxxx’s documents and the Data Use Agreement takes precedence over all documents.
Indirect Cost Rate. The Subaward Data attached hereto as Exhibit J contains information on PARTNER4WORKS’ indirect cost rate under the Notice of Award. The indirect cost rate information, if any, indicated in the Budget attached hereto as Exhibit C shall apply to the Subaward.
