Budget Modification Without Written Contract Amendment Sample Clauses

The "Budget Modification Without Written Contract Amendment" clause allows parties to adjust the budget for a project or agreement without the need to formally amend the entire contract in writing. Typically, this clause sets out specific conditions or thresholds under which budget changes can be made, such as minor increases or reallocations within certain line items, and may require mutual consent or notification rather than a full contract revision. Its core practical function is to provide flexibility and efficiency in managing project finances, reducing administrative burden and delays that would otherwise result from frequent formal amendments for minor budgetary changes.
Budget Modification Without Written Contract Amendment. Subject to the prior review and approval of the contract manager, line items shifts of up to $20,000 or ten percent (10%) of the annual contract total, whichever is less, may be made up to a cumulative maximum of $20,000 or ten percent (10%), whichever is less, for all line item shifts over the life of the contract. Any line item shifts exceeding this amount must be executed in a written contract amendment and if required by law or State policy, submitted to DGS OLS for review and approval. There must be a substantial business justification for any shifts made. Fund shifts which increase Indirect/ Overhead or General/Operating Expense line items are prohibited. Line item shifts may be requested by either the State Agency or the Contractor in writing and must not increase or decrease the total contract amount allocated. Any line item shifts must be approved in writing by the Deputy Director of Welfare to Work Division, or his or her designee, and must be sent to Contracts Bureau, MS 8-14-747, within 10 days of approval for inclusion in contract folder. If the contract is formally amended, any line item shifts agreed to by the parties must be included in the amendment.
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Budget Modification Without Written Contract Amendment. Subject to the prior review and approval of the contract manager, line items shifts of up to $20,000 or ten percent (10%) of the annual contract total, whichever is less, may be made up to a cumulative maximum of $20,000 or ten percent (10%), whichever is less, for all line item shifts over the life of the contract. Any line item shifts exceeding this amount must be executed in a written contract amendment and if required by law or State policy, submitted to DGS OLS for review and approval. There must be a substantial business justification for any shifts made. Fund shifts which increase Indirect/ Overhead or General/Operating Expense line items are prohibited. Line item shifts may be requested by either the State Agency or the Contractor in writing and must not increase or decrease the total contract amount allocated. Any line item shifts must be approved in writing by the Deputy Director of Family Engagement and Empowerment Division, or his or her designee, and must be sent to Contracts Bureau, MS 9-6-747, within 10 days of approval for inclusion in contract folder. If the contract is formally amended, any line item shifts agreed to by the parties must be included in the amendment. Program Director $164,795.81 Assistant Director $134,036.53 Program Analyst $93,540.60 Accountant Technician $57,177.26 Benefits $175,324.58 Consultants $7,701.18 Postage $3,792.36 General Supplies $5,159.28 Reproduction/Copying $499.32 Travel $5,880.29 Computer Support $52,125.00 Office Equipment $1,188.79 Collaborative Leadership Institutes, Instruction & Training $140,828.00 Materials, Supplies, and Reproduction/Copying $18,207.00 Stipends & Honorariums $1,438,769.50 Indirect Costs/Overhead (10%) $229,902.55
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Related to Budget Modification Without Written Contract Amendment

  • Amendments, Modifications, etc This Agreement may not be amended or modified except by an agreement in writing executed by Exchangeco, Patch and the Trustee and approved by the Shareholders in accordance with section 11.2 of the Exchangeable Share Provisions.

  • Amendments in Writing; Waiver; Integration No purported amendment or modification of any Loan Document, or waiver, discharge or termination of any obligation under any Loan Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by the party against which enforcement or admission is sought. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as, or evidence, an amendment, supplement or waiver or have any other effect on any Loan Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall not apply to any subsequent or other circumstance, whether similar or dissimilar, or give rise to, or evidence, any obligation or commitment to grant any further waiver. The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of the Loan Documents merge into the Loan Documents.

  • Integration; Modification This Construction Services Agreement represents the entire understanding of District and Contractor as to those matters contained herein, and supersedes and cancels any prior oral or written understanding, promises or representations with respect to those matters covered herein, and it shall not be amended, altered or changed except by a written agreement signed by the parties hereto.

  • Complete Agreement; Modification of Agreement This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.6.

  • Amendments; Modifications This Agreement may not be amended or modified except in a writing duly executed by authorized representatives of both Parties.