Common use of Lower-than-Expected Indirect Costs Clause in Contracts

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If at the completion of the award the Government share of total allowable costs (i.e., direct and indirect) is less than the cost reimbursed, the Recipient must refund the difference.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If at the completion of the award annual true up reveals that the Government share of total allowable incurred indirect costs (i.e., direct and indirect) is less than the cost reimbursed, the Recipient must refund the differencedifference as soon as costs are reconciled.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs charges are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If at the completion of the award Award the Government Government’s share of total allowable costs (i.e., direct and indirect) ), is less than the cost total costs reimbursed, the Recipient must refund the difference.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs charges are less than those budgeted in Attachment 3 to this and funded under the Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If at the completion of the award Award the Government Government’s share of total allowable costs (i.e., direct and indirect) ), is less than the cost total costs reimbursed, the Recipient must refund the difference.

Lower-than-Expected Indirect Costs. If the Recipient’s actual allowable indirect costs are less than those budgeted in Attachment 3 to this Award, the Recipient may use the difference to pay additional allowable direct costs during the project period. If at the completion of the award the Government share of total allowable costs (i.e., direct and indirect) is less than the cost reimbursed, the Recipient must refund the difference.