What is excluded from the indirect cost calculation?
Our normal indirect cost rate is calculated on the Modified Total Direct Costs (MTDC) base. MTDC is defined as total direct costs excluding the following: equipment (5**** series of object codes ending in odd numbers only; i.e., OCO); alterations and renovations; the portion of each subgrant and subcontract in excess of $25,000, regardless of the period covered by the subgrant or subcontract; rental of space and maintenance costs of rental space (43**** series of object codes); or student support costs, i.e., tuition, fees, stipends, fellowships, and scholarships (499099 or 74**** series of object codes).
