Common use of Itemized Budget and Justification Clause in Contracts

Itemized Budget and Justification. The following table summarizes the estimated costs for grant management services (The Balmoral Group; 236 hours), legal services (▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, 140 hours total), and fiscal agent services (3 basis points of total transactions). Note: only a portion of the total contractual costs for The Balmoral Group and ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ are for pre-award efforts for grant application development: 30 hours for The Balmoral Group ($5,100) and 6 hours for ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ ($1,500). The grant management effort was estimated based on The Balmoral Group’s time spent on other similar projects, including management of the Stand-up State Expenditure Plan project funded by RESTORE Council. The legal effort was estimated by ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ based on their efforts for other legal review and development of agreements.