What is the definition of ‘management fees’, as listed as an unallowable cost?

‘Management fees’ are expenses which exceed the direct costs and allowable indirect costs (per their indirect cost rate agreement). These costs are used to accommodate ongoing business expenses, unforeseen liabilities, and other similar expenses. These costs fall outside the scope of the proposed project and/or are unforeseeable. Management fee costs are unallowable.

A list of all unallowable costs can be found in the Section 2A(i) of Solicitation Notice.