Common use of Project Indirect Costs Clause in Contracts

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 4 – Grant 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.