Allowable indirect costs definition

Allowable indirect costs means those costs incurred by a
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Allowable indirect costs means those costs incurred by a professional firm that are generally associated with overhead which cannot be specifically identified with a single Project or contract and are considered reasonable and allowable under specific state contract or allowability limits.
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Examples of Allowable indirect costs in a sentence

  • Allowable indirect costs are those costs (i.e., payroll burden, general overhead and administrative costs) of the CONSULTANT set forth in subparagraph 3(c) below which are not identified solely with one agreement, but are rather, company‑wide or attributable to more than one agreement of the CONSULTANT, and are not identified as unallowable.

  • Allowable indirect costs include items such as administrative staff salaries, rent, utilities, office supplies, insurance, etc.

  • At off-the-record con- ferences, parties shall be expected to reach agreement on those matters,39 CFR Ch. III (7–1–23 Edition)which will expedite the proceeding, in- cluding the matters specified in the no- tice of the prehearing conference, in the ruling of the presiding officer di- recting that the off-the-record con- ference be held, and in paragraph (e) of this section.

  • Allowable indirect costs are those costs (i.e., payroll burden, general overhead and administrative costs) of the CONSULTANT set forth in subparagraph 4.a.iii below which are not identified solely with one Agreement, but are rather, company‑wide or attributable to more than one Agreement of the CONSULTANT, and are not identified as unallowable.

  • Allowable indirect costs are those costs (i.e., payroll burden, general field overhead and administrative costs) of the CONSULTANT set forth in subparagraph 3(c) below which are not identified solely with one agreement, but are rather, company‑wide or attributable to more than one agreement of the CONSULTANT, and are not identified as unallowable.

  • Allowable indirect costs may also be claimed at the 50 per- cent or higher reimbursement funding level as specified in this part and ap- pendix A.

  • Allowable indirect costs incurred by the Consultant shall also be reimbursed by the Owner at the Indirect Cost Rate.

  • Allowable indirect costs may also be claimed at the 50 per- cent or higher reimbursement funding level as specified in 2 CFR part 200, subpart E, and USDA implementing regulations 2 CFR parts 400 and 415.

  • Allowable indirect costs are those costs that benefit the organization as a whole.

  • During the three and six months ended June 30, 2022, the Company recorded amortization expense related to intangible assets of $257,833 and $297,333, respectively.

Related to Allowable indirect costs

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Indirect cost means those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. Indirect Costs represent the expenses of doing business that are not readily identified with the Grant Project responsive to this RFA but are necessary for the general operation of the organization and the conduct of activities it performs.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.