Common use of Incremental Operating Costs Clause in Contracts

Incremental Operating Costs. Reasonable and necessary incremental expenditures, as approved by the Bank on the basis of budgets acceptable to the Bank, incurred by the PCU on account of Project implementation, management and monitoring, including communication costs, courier and postage costs, translation and interpretation costs, bank charges, publication of procurement notices, and other miscellaneous costs directly associated with the implementation of Project activities as may be agreed with the Bank, but excluding salaries or honoraria of officials and employees of the Borrower, including, without limitation, salaries or honoraria of officials and employees of the PCU or any of the other Project Beneficiaries, would be procured using the relevant entity’s administrative procedures which were reviewed and found acceptable to the Bank.