Enhancement Budget Clause Samples
The Enhancement Budget clause defines the amount of money allocated specifically for improvements, upgrades, or additional features beyond the original scope of a project. In practice, this clause sets a clear financial limit for enhancements, detailing how such funds can be requested, approved, and spent during the course of the agreement. Its core function is to provide transparency and control over extra expenditures, ensuring that both parties agree on the scope and cost of enhancements, thereby preventing disputes over unplanned costs.
Enhancement Budget. Enhancements refer to additional functionality and deliverables unknown to the Authorized User at the time of Mini-Bid release. An Authorized User is permitted to include an enhancement budget, as included in the Mini-Bid (up to 10%). The total cost of the project including the enhancement budget shall not exceed the Lot threshold from which the award was made. An Authorized User shall use Appendix F, Attachment 3, Enhancement Request Template to reflect such modifications. Mini-Bid/Statement of Work documents will define specific criteria and method of reimbursement for the enhancement budget. Written approval of the Enhancement Budget Request is required from both the Authorized User and the Contractor.
Enhancement Budget. An Authorized User may include an enhancement budget in the Mini-Bid. Enhancements mean additional functionality and additional Deliverables unknown to the Authorized User at the time of Mini-Bid release. As such, an Authorized User’s project is permitted to include an Enhancement budget, as included in the Mini-Bid (up to 10%). The total cost including the Enhancement budget may not exceed the Lot parameters from which the award was made. An Authorized User shall use Attachment 8 – Enhancement Request Template to reflect such modifications. )