Indirect Rate definition

Indirect Rate means the indirect rate, defined as a percentage of personnel costs and available at the Development Partner Center website, as such rate may be revised from time to time by the Bank and applied to this Trust Fund, in accordance with its policies and procedures.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Indirect Rate means the indirect rate, defined as a percentage of personnel costs and available at the World Bank’s Donor center secure website, as such rate may be revised from time to time by the Bank and applied to this Trust Fund, in accordance with its policies and procedures.

Indirect Rate meansis the rate or percentage by which direct costs are multiplied to determine the indirect costs for a given fee or activity.

Examples of Indirect Rate in a sentence

The Parties shall use commercially reasonable efforts to jointly determine the appropriate party that shall be responsible for scheduling meetings with the applicable Audit Agency that involve Indirect Rate issues applicable to both Parties, including company-wide fringe pools and corporate home office allocations.
Member further acknowledges that ICOE will receive the following percentages and/or amounts from Consortium Member’s ASES allocation to cover permitted ICOE administrative and indirect costs: • $1,250.00 Indirect Rate charge and $250 for Internal Service Fund.
Conferences and Workshops: In accordance with the current Negotiated Indirect Rate Agreement negotiated with and agreed to by ONR and in accordance with the National Academies’ long-standing accounting practices, all travel in connection with conference and workshop awards may be assessed the National Academies’ G&A and applicable cost of money rate for the general administration of this type of project.
If the parties are unable to jointly determine which Party shall be responsible for scheduling meetings involving Indirect Rate issues applicable to both Parties, CSC shall be responsible for scheduling such meetings.
Utilize internal business controls to monitor expenditures charges for administrative costs, including In-direct Rate Charges and to ensure these charges do not exceed 15% of the total ASES grant award.
If the parties are unable to jointly determine which Party shall be responsible for scheduling meetings involving Indirect Rate issues applicable to both Parties, Leidos shall be responsible for scheduling such meetings.
The Indirect Rate category is used to capture overhead costs incurred by a Provider that operates several programs and has administrative costs that cannot be identified as a direct cost to a specific program.
Below are the main budget categories used by DYCD in HHS Accelerator Financials: • Personnel Services • Operations and Support • Utilities • Professional Services • Rent • Contracted Services • Indirect Rate • Unallocated Funds Completed budgets are submitted via HHS Accelerator Financials and first routed to the assigned DYCD Program Manager(s).
Indirect Rate: Enter the approved indirect rate, or the current Federal de minimis rate.
The Contractor shall prepare and submit a "Final Indirect Rate Proposal" in accordance with Section I Clause entitled, FAR 52.216-7, Allowable Cost and Payment/DEAR 952.216-7, Allowable Cost and Payment; Alternate II, for the total of net expenditures incurred for the period covered by the Cost Statement.

More Definitions of Indirect Rate

Indirect Rate means the rate allowed by CPB pursuant to Methods 1, 2, or 3.

Indirect Rate. A single fixed rate that is recalculated annually by Flagstaff that includes all allowable control services costs and is prepared in accordance with the simplified method as prescribed by OMB A-87.

Indirect Rate. The amount paid by the Contractor on behalf of the employee as legislated (such as benefits, PPE, money paid to institutions by the Contractor on behalf of the employee, and compulsory statutory deductions).