What is an itemized list?
An itemized list is a detailed listing of the major items that will be purchased for the infrastructure. In the Itemized List, institutions must provide updated cost estimates and a timeline for the acquisition of the infrastructure, along with any changes to the original proposed infrastructure. When submitting a proposal, institutions are required to ensure that the costs included for each budget item approximate the fair market value. At award finalization, the CFI expects institutions to update these cost estimates, as required, to ensure they reflect the expected purchase price as accurately as possible. Institutions must maintain supporting documentation for updated cost estimates and provides them upon request.
