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SOUTH BAY WORKFORCE INVESTMENT BOARD - 2011
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SOUTH BAY WORKFORCE INVESTMENT BOARD - 2011
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Last modified
3/14/2017 2:19:20 PM
Creation date
9/26/2011 9:21:31 AM
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Contracts
Company Name
SOUTH BAY WORKFORCE INVESTMENT BOARD
Contract #
A-2011-197
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
8/24/2011
Expiration Date
3/17/2013
Destruction Year
2018
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submitted more often than every two (2) weeks. The Request for Cash will reconciled to the monthly <br />expenditure reports. <br />B.1 Contractor will be required to expend a minimum of fifty percent (50 %) of its <br />total allocation on training services to participants. Administrative expenses are limited to ten <br />percent (10 %), core services, fifteen percent (15 %); intensive services, twenty -two point five (22.5 %) <br />and supportive services two point five percent (2.5 %). <br />B.2 Contractor may request additional funding based upon the availability of funds, <br />projected layoffs, and current enrollments. SBWIB, Inc. will consider all such requests and make a <br />determination, which shall be final as to whether the request shall be honored. The determination of <br />whether to honor such request shall be based upon the availability of funds, the number of <br />projected layoffs, and current enrollments. Contractor's right to incur costs and receive <br />compensation for the additional funds shall be provided by a written amendment to this Agreement. <br />C. The Contractor will submit a copy of its approved Cost Allocation Plan or Indirect <br />Cost Rate, documenting the methodology used to determine the reasonableness of costs allocated <br />to the cost reimbursement activities and retain on file all documentation supporting the methodology. <br />Failure to comply may result in nonpayment, or a partial or reduced payment until the Contractor is <br />in compliance. In addition, failure to comply may result in Agreement termination. <br />D. The parties agree that the SBWIB, Inc., reserves the right to prorate Contractor's <br />reimbursement and /or adjust the Agreement based upon the number of participants enrolled as <br />described in Exhibit "A ", Statement of Work. In addition, a percentage of total costs, or the final <br />payment that represents a percentage of total costs, may be held pending Contractor's adherence to <br />minimum performance requirements. <br />E. Contractor shall make no additional claims for costs, charges, or fees, nor shall <br />Contractor receive additional payment or any form of reimbursement from the SBWIB, Inc., <br />individual participants or any other party, other than as specifically detailed in this Agreement. <br />4 <br />
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