Common use of Period of Performance; Pre-award Costs Clause in Contracts

Period of Performance; Pre-award Costs. The recipient must use funds obligated and disbursed under this Award only during the period of performance specified in the Notice of Award, which is the time period during which the recipient may incur new obligations and costs to carry out the work authorized under this Award. The only exception is for costs incurred prior to the effective date of this Award, which are allowable only if:

Appears in 5 contracts

Samples: Subrecipient Agreement, Subaward Agreement, Subrecipient Agreement

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Period of Performance; Pre-award Costs. The recipient must use funds Funds obligated and disbursed under this Award may be used only for costs incurred during the period of performance specified in the Notice of Award, which is the time period during which the recipient may incur new obligations and costs to carry out the work authorized under this Award. The only exception is for costs Costs incurred prior to the effective date of this AwardAward are subject to restrictions elsewhere in this Grant Agreement (which generally prohibit them), which are but in any event cannot be allowable only ifunless:

Appears in 1 contract

Samples: Federal Terms and Conditions

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