AG 2002 01 28 (Regular) - Laserfiche WebLink

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I I I I I I NCSU SUBCONTRA CT Pi 2001-1748-2 7 amount not to exceed the amount specified in the "SUBCONTRACT AMOUNT" on page 1 hereto. It is agreed between the parties that this sum shall represent the total amount of this Agreement, except as such amount may be amended in writing 'by mutual agreement of the parties in accordance with ARTICLE XXI hereto. The amount set forth above will cover · allowable and allocable direct and indirect costs of the work, as detailed in the approved budget in Appendix A. Bo ge As a condition of this award, SUBCONTRACTOR agrees to provide cost sharing in the amount specified as "COST SHARING REQUIRED"' on page 1 hereto. No federal funds may be used to meet the SUBCONTRACTOR's cost sharing obligation for this project. The amount of cost sharing must be documented on an annUal and cumulative basis; certified by an authorized institutional representative, and reported to NCSU as part of the mmual and final progress reports. INVOICES AND PAYMENT: SUBCONTRACTOR shall submit itemized invoices in an original and three (3) copies to NCSU not more fi'equently than monthly. The invoices shall reference Subcontract No. 2001-1748-27. A final invoice must be received within 30 days after the completion of the project. NCSU, in its sole judgement, shall determine whether costs are allowable under this Subcontract in accordance with any applicable law and regulations. Costs for which prior approval is required will be contingent upon NCSU receiving like approval of those specific costs from the Prime Sponsor. -In the event SUBCONTRACTOR is in noncompliance with Article X, NCSU may witl~old payment of invoices pending resolution of the noncompliance issue. · Co The SUBCONTRACTOR assumes the responsibility for reimbursement to NCSU a sum of money equivalent to the amount of any expenditures disallowed should the Prime Sponsor or other authorized representative rule through audit exception or other formal review that the · expenditures from funds allocated to the SUBCONTRACTOR for direct and/or indirect costs were not made in compliance with stated tm-ins and conditions of this Agreement. VI. ' REPORTS: All teclmical reports shall be submitted as requested by the Project Director. VII. KEY PERSONNEL: Dr. Eddie L. Locklear shall represent NCSU as Project Director and shall be responsible for overall teclmicat matters relating to this Agreement. Prepared by: SPARCS/tbw Fbw / f-sub09200 lmm.doc) ~?'-'~ . Rev. 091101 3