Tagged: indirect cost rate, ICR
-
Applying for an indirect cost rate (ICR) for federal awards
Callum replied 1 day, 14 hours ago 8 Members · 7 Replies
-
You are smart to sort this out. Getting a NICRA means getting properly reimbursed for your admin costs.
You have two choices. Use the de minimis rate of 15% of your modified total direct costs, which is the simple option. Or go for the full negotiation with your cognizant agency, usually the federal agency that gives you the most funding.
The full route takes time and requires financial statements and cost pool data, but it can yield a higher rate than 15%. Worth the effort if you have the patience.-
This reply was modified 1 day, 14 hours ago by
Callum.
-
This reply was modified 1 day, 14 hours ago by