Common use of Indirect Costs/Administrative Overhead Clause in Contracts

Indirect Costs/Administrative Overhead. For agreements with other governmental entities and public universities, indirect costs are expenses incurred for administrative services such as, but not limited to, accounting; personnel and payroll administration; accounts payable services; general and specialized insurance coverage; compliance and regulatory monitoring; independent audit services; and legal services. Indirect costs are applied to personnel, operating expenses, supplies, equipment, and travel expenses. Per State Contracting Manual, Section 3.06.B, agencies shall assure that all administrative fees are reasonable considering the services being provided. Agencies may only pay overhead charges on the first $25,000 of each subcontract. Any subcontractor receiving $25,000 or more must be clearly identified in the budget display and excluded when the total indirect costs are calculated. A. Insurance Requirements 1. Contractor, at his/her own expense, shall maintain the following insurance coverage:

Indirect Costs/Administrative Overhead. For agreements with other governmental entities and public universities, indirect costs are expenses incurred for administrative services such as, but not limited to, accounting; personnel and payroll administration; accounts payable services; general and specialized insurance coverage; compliance and regulatory monitoring; independent audit services; and legal services. Indirect costs are applied to personnel, operating expenses, supplies, equipment, and travel expenses. Per State Contracting Manual, Section 3.06.B, agencies shall assure that all administrative fees are reasonable considering the services being provided. Agencies may only pay overhead charges on the first $25,000 of each subcontract. Any subcontractor receiving $25,000 or more must be clearly identified in the budget display and excluded when the total indirect costs are calculated. A. Insurance Requirements 1. Contractor, at his/her own expense, shall maintain the following insurance coverage:

Indirect Costs/Administrative Overhead. For agreements with other governmental entities entities. and public universities, indirect costs are expenses incurred for administrative services such as, but not limited to, accounting; personnel and payroll administration; accounts payable services; general xxxxx.xx 'and specialized insurance coverage; compliance and regulatory monitoring; independent audit servicesservice$; and legal services. Indirect costs are applied to personnel, operating operatitig expenses, supplies, equipmentequtpment, and travel expenses. Per State Contracting Manual, Section 3.06.B, agencies shall assure that all administrative fees are reasonable considering the services being provided. Agencies may only pay overhead charges on the first $25,000 of each subcontract. , Any subcontractor receiving $25,000 or more must be clearly identified in the budget display and excluded when the total indirect costs are calculated. A. Insurance Requirements 1. Contractor, at his/her own expense, shall maintain the following insurance coverage:

Indirect Costs/Administrative Overhead. For agreements with other governmental entities and public universities, indirect costs are expenses incurred for administrative services such as, but not limited to, accounting; personnel and payroll administration; accounts payable services; general and specialized insurance coverage; compliance and regulatory monitoring; independent audit services; and legal services. Indirect costs are applied to personnel, operating expenses, supplies, equipment, and travel expenses. Per State Contracting Manual, Section 3.06.B, agencies shall assure that all administrative fees are reasonable considering the services being provided. Agencies may only pay overhead charges on the first $25,000 of each subcontractsubgrant. Any subcontractor subgrantee receiving $25,000 or more must be clearly identified in the budget display and excluded when the total indirect costs are calculated.. ADDITIONAL PROVISIONS A. Insurance Requirements 1. Contractor, at his/her own expense, shall maintain the following insurance coverage:Requirements EXHIBIT E (Standard Agreement)