How do we handle escalation in future years if: Costs are expected to be consistent from year-to-year? Costs are expected to differ significantly from year- to-year?
• Costs are expected to be consistent from year-to-year? Calculate the total direct costs you need over all the years, including one time costs (such as equipment) and escalation, and then divide by the number of years. Request the amount in modules of $25,000 closest to that dollar level. • Costs are expected to differ significantly from year- to-year? In this situation, appropriate annual variations in the number of modules should be requested and requires sufficient justification. (For example, the purchase of equipment in year 1 may result in a request for a greater number of modules than in subsequent years.) Are detailed budgets necessary for the development of modules at the time of application? This matter is left to the discretion of the applicant institution. It may be necessary for institutions to require certain budgetary detail from principal investigators for purposes of determining exclusions from the base when calculating facilities and administrative (indirect) costs.
