Common use of Resources Needed to Meet Objectives Clause in Contracts

Resources Needed to Meet Objectives. The business plan shall include a budget for the Authority that provides a forecast of anticipated revenues and planned expenditures for the next three Fiscal Years. It should also address the adequacy of financial, human and other resources required by the Authority to undertake its major activities and meet its objectives over the planning horizon and indicate how the resources will be acquired. In the planning and budgeting process, the Authority will take an approach of carrying out its mandate in an efficient and cost-effective manner. The business plan will also include an explanation of how the Authority will be doing this, particularly describing how this cost-effective approach will be undertaken for any planned procurements over $300,000.

Resources Needed to Meet Objectives. ‌ The business plan shall include a budget for the Authority that provides a forecast of anticipated revenues and planned expenditures for the next three Fiscal Years. It should also address the adequacy of financial, human and other resources required by the Authority to undertake its major activities and meet its objectives over the planning horizon and indicate how the resources will be acquired. acquired.‌ In the planning and budgeting process, the Authority will take an approach of carrying out its mandate in an efficient and cost-effective manner. The business plan will also include an explanation of how the Authority will be doing this, particularly describing how this cost-effective approach will be undertaken for any planned procurements over $300,000.