University Of Illinois Indirect Cost Rate Agreement

Filed under:Uncategorized — posted by admin on December 20, 2020 @ 2:56 am

Participants may be a student/scholar from any campus of the University of Illinois or another institution, a representative of the private company, a K-12 professor or an employee of public or local authorities. Participants must not be collaborators of the University of Illinois, a student/scholar paid directly or indirectly by the project, a research topic on the project or any other person who received compensation from another federal project (only federal projects) during participation in this project. The university`s policy is to request full indirect cost funding for all grant and contract proposals. Non-federal indirect cost rates are as follows: List all individuals/posts to be paid with project funds and briefly describe their role in the project. If a university employee provides time/effort for the project, indicate the person for months. Indicate that salaries are based on the University of Illinois` current salary schedules (i.e., basic institutional salary [IBS]) and explain the types of expected increases (wage adjustment) and the rate of increase and the period during which increases apply. 2 CFR 200,430 Institutions and Administrative Institutions (R-D), also known as indirect or overhead, the costs of the university are the costs related to the common objectives of the university and are not easily identifiable with a specific project or activity. Indirect recoveries (research and development costs) provide each university with an important source of institutional funding. The cost rate of research and development is the mechanism used to reimburse the university for administrative and infrastructure costs related to sponsored research and other funded projects.

It is essentially an overhead rate. The cost pricing agreement between the University of Chicago and the federal government provides that the research and development cost rates mentioned in the agreement (often referred to as “indirect”) are used in proposals submitted to federal promotional organizations. Only reasonable rates set in the negotiated R and D rate agreement should be indicated/used in households. Indirect costs are costs that are not directly identifiable for a sponsored project (for example. B the costs of general activities such as utilities, real estate, library services, purchases, administrative offices, etc.), but which are related to research and/or training costs.

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image: detail of installation by Bronwyn Lace