Common use of Return of Project Cost Savings Clause in Contracts

Return of Project Cost Savings. Upon submission of the Final Report, if the total Scope of Work Costs are less than the amount specified in the Project Supplement, Sponsor will return to the TA that proportion of the Project cost savings that is equal to the percentage of the original Scope of Work budget that consisted of Measure A/W Funds.

Return of Project Cost Savings. Upon submission of the Final ReportReport detailed in Section 1.5 of this Agreement, if the total Scope of Work Costs are less than the amount specified in the Project Supplement[$AMOUNT], Sponsor will return to the TA that proportion of the Project cost savings that is equal to the percentage of the original Scope of Work budget that consisted of Measure A/W A Funds.