Allowability Clause Samples

The Allowability clause defines which costs or expenses are permitted to be charged or reimbursed under a contract. It typically outlines specific criteria or standards that expenses must meet to be considered allowable, such as being reasonable, allocable, and compliant with applicable laws or regulations. This clause ensures that only appropriate and justified costs are included, thereby preventing disputes and controlling financial risk for both parties.
Allowability. Bond interest and other financing costs are allowable costs to the extent permitted by applicable Federal law, regulation, and guidance, and
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Allowability. To be allowable, a cost must be necessary and reasonable for the proper and efficient administration of the program. To reduce the risk of accumulating and being held accountable for disallowed costs, program operators should carefully review anticipated program expenditures, the terms and conditions of the award, and applicable regulations before any program costs are incurred.
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Allowability. See special billing requirements section. **NOTE: The SNAP-Ed program will deny payment for any costs not submitted by the due date and without prior DOH approval in writing.
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Allowability. Except as otherwise specifically provided in this paragraph, the costs of such compensation are allowable to the extent that: (1) Total compensation to individual employees is reasonable for the services rendered and conforms to the established policy of the organization consistently applied to both Federal and non-Federal activities; and (2) Charges to awards whether treated as direct or indirect costs are determined and supported as required in this paragraph.
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Allowability. (i) Departments/agen- cies shall not supplement this regula- tion in any way that limits IR&D/B&P cost allowability. (ii) See 225.7303–2(c) for allowability provisions affecting foreign military sale contracts. (iii) For major contractors, the fol- lowing limitations apply: (A) The amount of IR&D/B&P costs allowable under DoD contracts shall not exceed the lesser of— (1) Such contracts’ allocable share of total incurred IR&D/B&O costs; or (2) The amount of incurred IR&D/ B&P costs for projects having potential interest to DoD. (B) Allowable IR&D/B&P costs are limited to those for projects that are of potential interest to DoD, including ac- tivities intended to accomplish any of the following: (1) Enable superior performance of future U.S. weapon systems and com- ponents. (2) Reduce acquisition costs and life- cycle costs of military systems. (3) Strengthen the defense industrial and technology base of the United States. (4) Enhance the industrial competi- tiveness of the United States. (5) Promote the development of tech- nologies identified as critical under 10
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Allowability. FRA shall reimburse the Subcontractor for its direct costs and a portion of its indirect costs as determined allowable and allocable in accordance with FAR 52.216-7 Allowable Cost and Payment, which is made a part of the BOA through incorporation of the attached FL- 202; FAR Subpart 31.6; and 2 CFR 200, Subpart E - Cost Principles, except as otherwise limited or excluded by other provisions of this Subcontract. Any travel costs shall be reimbursable in accordance with Title 2 Code of Federal Regulations, Grants and Agreements Part 200 Uniform Administrative Requirements, Cost Principles, And Audit Requirements for Federal Awards, Subpart E Cost Principles, and Section 474 Travel Cost (2 CFR 200.474) and the Subcontractor's institutional travel policy. All travel not specifically included in the Subcontractor’s Task Order/Release cost proposal must be approved in advance by FRA Procurement Representative. In determining the allowable indirect costs under this BOA, FRA agrees to use the federal government-approved pre-determined or final indirect expense rates. If the Subcontractor does not negotiate pre-determined or annual final indirect expense rates with a federal government agency, then the Subcontractor must submit a final indirect expense rate proposal to FRA Procurement Representative within six months after the end of each Subcontractor fiscal year during performance of this BOA to establish approved final indirect expense rates. The Subcontractor's federal government-approved or FRA-approved pre-determined or provisional indirect rates shall be used for interim billing purposes, pending finalization.
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Allowability of TANF subgrant/contract scopes as compared against TANF requirements, State law, MDHS policies and procedures and federal guidelines;
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Allowability. Proposals should not include expenses which the federal government (in the Uniform Guidance or other regulations) or the sponsor has identified as unallowable. Similarly, expenses which are to be considered as indirect expenses (e.g., certain types of office supplies and clerical salaries) may not be proposed and budgeted as direct expenses, unless they meet the criteria defined in Section 3.2.1.(3).
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Allowability. 1. As provided by the ALLOWABLE COST AND PAYMENT clause of the GENERAL PROVISIONS, the allowability of cost shall be determined in accordance with OMB Circular A-21. Any travel costs shall be reimbursable in accordance with the Subcontractor's institutional travel policy and practices that represent reasonable and allocable costs, consistent with Section 31.205-46 of the Federal Acquisition Regulation (Title 48 of the Code of Federal Regulations). 2. All domestic travel not included in the Subcontractor’s cost proposal incorporated in a Subcontract must be approved in advance by the LLNS Contract Administrator. All foreign travel must be approved in advance by the LLNS Contract Administrator, even if the cost is included in the Subcontractor’s cost proposal for the Subcontract. 3. It is understood that audits of the Subcontractor’s costs may be performed by LLNS or the U.S. Government. LLNS will endeavor to arrange for any audit conducted hereunder to be performed by the Subcontractor’s cognizant government audit agency, through the DOE/NNSA. 4. Unless otherwise indicated in a Subcontract, items acquired by the Subcontractor under any Subcontract for $5,000.00 or more shall be treated as for resale to the U.S. Government and exempt from California State Sales Tax. LLNS will provide the Subcontractor a California Resale Certificate, for use in acquiring such items, upon request.
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Related to Allowability

  • Voidability If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

  • Disallowance If the Contractor claims or receives payment for a service or reimbursement that is later disallowed by the Judicial Council, the Contractor shall promptly refund the disallowed amount upon the Judicial Council's request. At its option, the Judicial Council may offset the amount disallowed from any payment due or that may become due to the Contractor under this Agreement or any other agreement.

  • Composition and Priority The Contractor agrees to provide commodities or contractual services to the Customer as specified in the Contract. Additionally, the terms of the Contract supersede the terms of all prior agreements between the Parties on this subject matter.

  • Determination of Responsiveness 28.1 The Procuring Entity's determination of a Tender's responsiveness is to be based on the contents of the Tender itself, as defined in ITT28.2.

  • Claim A demand or assertion by the Owner or the Contractor seeking an adjustment of the Contract Sum or Contract Time, or both, or other relief with respect to the terms of the Contract. The term "Claim" also includes other disputes and matters in question between the Owner and the Contractor arising out of or relating to the Contract. The responsibility to substantiate a Claim shall rest with the party making the Claim. A demand for money or services by a third party, including a Trade Contractor, Supplier, or subcontractor to the Contractor, is ipso facto not a Claim against the Owner.