What is the purpose of an indirect cost rate agreement?
The purpose of an indirect cost rate agreement is to publish the reimbursement rate(s) negotiated between the federal government and a grantee organization which reflects the indirect costs (e.g. facilities and administrative costs) and fringe benefit expenses incurred by the organization in the conduct of federal programs. • How does an indirect cost rate impact my award? Indirect cost rate agreements streamline the process of awarding, monitoring, and closing out federal grants. The indirect cost rate allows the grant officer to calculate the appropriate allocation of indirect costs associated with any one project by applying the negotiated indirect cost rate to the respective base used to develop the rate. However, if the grant officer determines that the grantee does not have a currently effective indirect cost rate, the award may not include an amount for indirect costs. • How do I apply for an indirect cost rate agreement? The applicant must submit a formal indirect cost rate pro
Related Questions
- If an applicant does not have an Indirect Cost Rate Agreement with the government, then what costs cannot be included in their proposed budget?
- Does an applicant have to have an Indirect Cost Rate Agreement in place when they apply for funds from this grant program?
- What is SFSUs multi-year Facilities and Administrative (indirect cost) rate agreement?
