Project Indirect Costs Sample Clauses

Project Indirect Costs. The Centre does not allow the recovery of overhead on its grants. It does however allow the recovery of reasonable indirect costs incurred in the conduct of the Work and in the administration of the Centre Funds. Indirect costs can include but are not limited to the following: a) salaries and benefits of personnel which support and administer the Project, such as secretaries, clerks, accountants, etc.; b) stationery and other office supplies; c) telecommunication cost (unless the nature of the Work has warranted a specific budget line item for that purpose ― see Part 4Grant Budget); and d) computer equipment used for the administration or accounting of the Centre Fund disbursements. The Recipient shall keep track of its indirect cost charges in order to satisfy the requirements of any possible audit in accordance with Section A18. Where the Recipient has a policy of recovering its indirect costs through the application of a percentage, it shall be able to satisfy the Centre or its designated auditors that the levy is fair and reasonable, and the Centre shall only allow recovery of indirect costs as a percentage of actual expenditures. In any event the Centre shall only pay indirect costs up to 13% of the recipient-administered grant value, including the indirect costs of any Sub-recipients, but excluding the amount of the indirect costs themselves.
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Project Indirect Costs. The Centre does not allow the recovery of overhead on its grants. It does however allow the recovery of reasonable indirect costs incurred in the conduct of the Work and in the administration of the Centre Funds. Indirect costs can include but are not limited to the following:

Related to Project Indirect Costs

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

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