Are there any inadmissible costs under fEC?
No – all costs that make up the full economic cost of a project should be included. What is the distinction between Directly Incurred and Directly Allocated costs? Directly Incurred (DI) costs are those that are specific to a project, and will be charged to the project as the amount actually spent. (DI costs have to be supported by an audit record). A Directly Allocated (DA) cost is the estimated cost of an organisations existing resources, which are used up by the project in question. (PI time; Estate Costs). Do universities have to make public their Indirect and Estate Cost rates? No. RCs will ask for costs, not the rates they are based on. If the Research Council recommends a reduction to the resources of a project, how will the bid be re-costed? If there is a change to research staff resources for instance, then the RC will return the proposal to the HEI for recalculation of estates and indirect costs, as these two rates are linked to the research FTE. There will be a 10 working da
