Cost Underruns definition

Cost Underruns means Authorized Improvements Costs that are less than the Budgeted Cost set forth in the SAP.
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Cost Underruns means Public Improvement Project Costs that are less than the budgeted cost set forth in the SAP(s). “Delinquent Collection Costs” shall be defined in the SAP(s).
Sample 1
Cost Underruns means Public Improvement Project Costs that are less than the budgeted cost set forth in the Service and Assessment Plans.
Sample 1

Examples of Cost Underruns in a sentence

  • Cost Underruns: The State reserves the right to recapture all CDBG-MIT funds remaining due to cost underruns.

  • This ITSO applies to equipment intended to meet MPS developed to the criteria of Appendix 1.

  • As with Scope of Work changes, requests for a budget revision must be supported by adequate justification from the Applicant in order to be processed (See Section 1.3.4.5, Cost Overruns and Cost Under-runs).

  • As with SOW changes, requests for a budget revision must be supported by adequate justification from the Applicant in order to be processed (See Section 1.3.4.5. Cost Overruns and Cost Under-runs).

  • FEMA will NOT approve changes for cost overruns (see Section 1.7.4., Cost Overruns and Cost Under-runs).

  • Upon receipt of all acceptance letters from the City for the Public Improvements within an improvement category as set forth in the Service and Assessment Plan, any Cost Underruns from that category may be released to pay for Cost Overruns in another improvement category, as approved by the City.

  • Cost Underruns: The State reserves the right to recapture all CDBG funds remaining due to cost underruns.

Related to Cost Underruns

  • Direct Costs means the sum of the following:

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • 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.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • 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;

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Cost-reimbursement contract means a contract under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms and the provisions of this code, and paid a fee, if any.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.