Finally, a negotiated agreement at an indirect cost rate is prepared and sent to you for signature and execution. (4) Voluntary reduction in the indirect cost rate. For each individual award, a proposed candidate and/or recipient may reduce or eliminate the indirect cost rate of the base costs. The choice must be voluntary and cannot be required by the awarding entity, NOFO, the program or any other non-legal or non-regulatory requirement. For these specific and optional reductions, the DOI may accept the lower rate, provided that the notice of award clearly documents the voluntary choice of the beneficiary. Once DOI has accepted the lower rate, this rate applies for the duration of the premium. DESCRIPTION – A pre-defined rate is a permanent rate set for a set future period based on a review of the actual costs of a previous period. These rates are only subject to correction in very unusual circumstances. If a Grantee/Contractor already has indirect costs negotiated with the USG.
Because it is difficult for a federal agency to determine the indirect costs of completing a program or project. (a) This section sets out guidelines, procedures and decision criteria for the use of an indirect cost rate different from the negotiated rate or the authorized rate for the non-federal company`s DOI premiums. These are determined in accordance with 2 CFR 200.414 (c) (3) or (f). (3) The indirect case approval process, controlled by the program. Offices and offices with DOI-approved waivers that were in effect prior to October 29, 2019 are not required to resubmit them in accordance with the procedures set out in this paragraph (d) (3). The following requirements apply for verification, approval and booking of indirect cancellations of indirect costs based on the program: The auditor examines all the cost categories that make up your indirect cost rates and asks very detailed questions about the nature of the different expense items and how you came up with your assumptions. For example, since the legal auditor determines your indirect cost based on how you fill your financial information, we strongly advise you to consult us before sending it to the DFAS. We can help you get the most out of your indirect cost rate and avoid possible pitfalls later on the street. You have just received a message from the National Institutes of Health (NIH) that your SBIR Phase II grant proposal has been selected for funding. As you go through the JIT process, your stock exchange management expert asks, “Do you have a negotiated indirect cost rate (NICRA) agreement to support the F-A rate you requested in the proposal?” A document published to reflect an estimate of the indirect cost rate negotiated between the federal government and the organization of a Grantee/Contractor, which reflects the indirect costs (facilitations and administrative costs) and incidental costs incurred by the organization and which will be the same in all U.S. agencies.
(1) the same basis as that defined in the negotiated agreement on the indirect costs of the beneficiary when the recipient has an indirect costs agreement negotiated by the federal government; or (d) where the recipient does not have an indirect cost agreement negotiated by the federal government, DOI does not use a modified rate on the basis of the direct total cost or another basis that is not identified in the indirect costs agreement negotiated by the federal government or defined within 2 CFR 200.68. (1) Indirect cost differential is required by law or regulation. In accordance with CFR 200.414 (c) (1), a federal authority must use a different rate than that negotiated by the federal government, to the extent required by law or federal regulation. For such cases within the DOI, the official auction act must document the specific statutes or regulations requiring the waiver.