Common use of Indirect Cost Rates Clause in Contracts

Indirect Cost Rates. Reimbursement for indirect costs, general and administrative costs, overhead, or any similar cost rate type agreement, will be at the rate(s) and on the base(s) specified in the approved award budget. These amounts are subject to finalization by the cognizant federal agency or the Corporation. Any provisional rate(s) is subject to downward adjustment only under this award. Accordingly, final approved rate(s) charged to this award may not exceed the maximum provisional rate(s). If the cognizant federal agency or the Corporation does not approve a final rate, then the maximum provisional rate will be considered the final rate.

Indirect Cost Rates. Reimbursement for indirect costs, general and administrative costs, overhead, or any similar cost rate type agreement, costs will be at the rate(s) and on the base(s) specified in the approved award budget. These amounts are This is a maximum provisional rate(s), which is subject to finalization by the cognizant federal agency or the Corporation. Any The maximum provisional rate(s) is subject to downward adjustment only under this award. Accordingly, final approved rate(s) charged to this award may not exceed the maximum provisional rate(s). If the cognizant federal agency or the Corporation does not approve a final rate, then the maximum provisional rate will be considered the final rate.

Indirect Cost Rates. Reimbursement for indirect costs, general and administrative costs, overhead, or any similar cost rate type agreement, will be at the rate(s) and on the base(s) specified in the approved award budget. These amounts are subject to finalization by the cognizant federal agency or the CorporationCNCS. Any provisional rate(s) is subject to downward adjustment only under this award. Accordingly, final approved rate(s) charged to this award may not exceed the maximum provisional rate(s). If the cognizant federal agency or the Corporation CNCS does not approve a final rate, then the maximum provisional rate will be considered the final rate.