Project Expenditure Clause Samples
The Project Expenditure clause defines how costs and spending related to a project are managed and tracked within an agreement. It typically outlines what types of expenses are considered allowable, the process for approving expenditures, and any limits or reporting requirements that must be followed. For example, it may specify that only pre-approved costs for materials, labor, and equipment are reimbursable, and require regular submission of expense reports. This clause ensures financial transparency and accountability, helping to prevent disputes over project costs and keeping the project within budget.
Project Expenditure. Amount of project disbursement plus unliquidated obligations related to payments due for the year. (except for UN Organisations that have adopted the International Public Sector Accounting Standards (IPSAS). Date of transfer of first instalment from the MDTF Office to the Participating Organization.
Project Expenditure. Without limiting clause 3.1, the Recipient must take all reasonable steps to ensure Project expenditure is consistent with the Expected Project Expenditure Table.
Project Expenditure. All costs incurred in carrying out the Procurement Milestones in accordance with the terms of this Agreement and provided for under Section 5A (Procurement Costs), will be shared equally between the Councils, after applying any RCAF Grant which may be received by the Lead Council from time to time in respect of the procurement costs for the Project.
Project Expenditure. Complete Verified Unspent Action: .................................................................................................................................
Project Expenditure. 17.1 The Research Provider must apply the FRDC Funds for the purpose of the Project only
17.2 The Research Provider must not use FRDC Funds budgeted for Capital on other types of expenditure without the prior written approval of the FRDC
17.3 The Research Provider must record each transaction made in sufficient detail to identify:
(a) each good or service purchased or provided; and
(b) the cost to the Research Provider of that good or service.