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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 .
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.
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
The form which NICRA took was determined by the coalition of forces which came together to create it, of which republicans were only one element. [52] Civil rights were the banner to which republicans, nationalists, communists, socialists, liberals and the unaffiliated could rally.
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.
The development of a bid and proposal takes place early in the procurement process, and the resulting proposal will be subject to review by the purchaser and negotiation between the two parties. Developing a bid and proposal takes place before a contract vehicle is in place, meaning that firms undertake the costly tasks of proposal-writing and ...
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 ...