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; 250 hours total), legal services (▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, 180 hours total), and fiscal agent services (3 basis points on total costs). Fiscal agent services are budgeted at the rate agreed to between The Gulf Consortium and ▇▇▇▇ County of 3 basis points of total disbursements. Note: only a portion of the total contractual costs for The Balmoral Group and ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ are for pre-award efforts for grant application development: 50 hours for The Balmoral Group ($8,750) and 6 hours for ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ ($1,500).