Search results
Results from the WOW.Com Content Network
The average indirect cost rate has averaged between 27% and 28%. Johns Hopkins received 63.7% in indirect costs, NIH said . The University of Michigan receives 56% in indirect costs, it said.
The Gates Foundation, for example, pays a 10% rate for indirect costs, while the Carnegie Corporation and John Templeton Foundation each pay 15% of indirect costs for research.
Negotiated Indirect Cost Rate Agreement (NICRA). The United States federal government agreement with nonprofit organizations and similar organizations for the rate at which it will reimburse indirect costs .
A grant requesting $100k in direct costs with an indirect cost rate of 50%, for example, means that the request will include an additional request for $50k for indirect costs for a total request of $150k, as opposed to a request for $100k of indirect costs for a total request of $200k.
A Rate Contract [1] or a Rate Agreement (RC in short) is a procurement cost reduction strategy aimed at standardizing procurement prices for commonly procured, homogenous and price varying inputs. Timing
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
As the post-WW2 space programs developed, general research costs came to be seen as ordinary costs of doing business, and in 1959 they were allowed as indirect costs. [ 36 ] [ 37 ] The 1970 defense appropriations act temporarily limited the funding for the first time, due to concerns about adequate contract administration and benefits for the ...
From the traceability source of costs, sunk costs can be direct costs or indirect costs. If the sunk cost can be summarized as a single component, it is a direct cost; if it is caused by several products or departments, it is an indirect cost. Analyzing from the composition of costs, sunk costs can be either fixed costs or variable costs.