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Republic of the Philippines SOUTHERN LEFT STATE UNIVERSITY Main Campus, So god, Southern Late website: www.slsuonline.edu.ph email: slsumaincampus@gmail.com/ op@slsuonline.edu.ph telefax: (053) 5778299PHILIPPINE

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How to fill out approved budget of contract

01

Gather all relevant information and documentation related to the contract.

02

Review the terms and conditions of the contract to understand the scope of work and financial requirements.

03

Create a detailed list of all expenses and costs associated with the contract, including labor, materials, equipment, and overhead.

04

Break down the budget into specific categories and line items, allocating funds accordingly.

05

Ensure that the budget aligns with the overall project timeline and goals.

06

Review and revise the budget as needed to ensure accuracy and feasibility.

07

Obtain approval from all necessary stakeholders, including project managers, finance departments, and clients.

08

Document the approved budget for future reference and tracking.

Who needs approved budget of contract?

01

Project managers

02

Finance departments

03

Contract administrators

04

Clients or customers

05

Stakeholders involved in the project

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What is approved budget of contract?

The approved budget of contract is the financial plan that outlines the total costs associated with a contract, including estimates for labor, materials, and other expenses.

Who is required to file approved budget of contract?

The contracting entity or organization that is entering into the contract is required to file the approved budget of contract.

How to fill out approved budget of contract?

To fill out the approved budget of contract, one must gather cost estimates, itemize expenses, ensure compliance with regulations, and present the information clearly in the provided budget form.

What is the purpose of approved budget of contract?

The purpose of the approved budget of contract is to establish a clear financial framework for the execution of activities under the contract and to ensure proper allocation and management of resources.

What information must be reported on approved budget of contract?

The approved budget of contract must report information such as project description, cost estimates, funding sources, detailed itemization of expenses, and any fiscal policies applicable.

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