What is the difference between “actual” eligible costs and “indirect” costs, which have been deemed eligible (maximum 7% of total project costs) for the purposes of this competition?
“Actual” costs are accountable in the sense that they can be linked via receipts and other documentation to specific activities (e.g. staff time to administer center activities, catering costs for a conference luncheon, etc.). “Indirect” costs refer to the expensing of overhead based on a proportion (in this case 7%) of eligible actual costs.
Related Questions
- What is the difference between "actual" eligible costs and "indirect" costs, which have been deemed eligible (maximum 7% of total project costs) for the purposes of this competition?
- May indirect costs (7% maximum) be applied only to the Commissions contribution, or to all eligible project costs?
- Is there a maximum limit to the total costs of a project eligible for SPF?
