A Guide for Colleges and Universities: Cost Principles and Procedures for Establishing Indirect Cost and Other Rates for Grants and Contracts with the Department of Health, Education, and Welfare |
Common terms and phrases
accumulating and reporting actual costs adjustment Administration To Schedule allocating costs Allowance Schedule amount audit base Building Use Allowance charging costs civil defense computed Contractor cost accounting practices COST ACCOUNTING STANDARDS COST PROPOSAL FORMAT costs applicable costs incurred December 19 Departmental Administration Dept determined DHEW direct labor direct salaries distribution DOD Univ educational institutions educational service agreements employees Equipment Use Allowance established EXHIBIT A SAMPLE Exhibit B-1 expenditures expenses Federal Management Circular final cost objectives fixed rate FORMAT LONG FORM fringe benefits full-time equivalents functions grants and contracts included indirect cost pool INDIRECT COST PROPOSAL indirect cost rate institution's institutional activities intended to prescribe June 30 ment methods for charging order of precedence organized research performance period pool element precedence for allocating prescribe methods PROPOSAL FORMAT LONG purpose salaries and wages SAMPLE INDIRECT COST sponsoring agency standard Student Administration Student Services tion total direct unallowable
Popular passages
Page 31 - ... the amount of such rental claimed does not exceed the reasonable use value of the property leased for the period of the...
Page 44 - ... practices, the contractor may either: (1) Use a method for reassigning all such costs which would provide an equitable distribution to all final cost objectives, or (2) directly assign all such costs to final cost objectives with which they are specifically identified. In the event the contractor decides to make a change for either purpose the Disclosure Statement shall be amended to reflect the revised accounting practices involved. (e) Any direct cost of minor dollar amount may be treated as...
Page 43 - General applicability. This standard shall be used by defense contractors and subcontractors under Federal contracts entered into after the effective date hereof, and by all relevant Federal agencies in estimating, accumulating and reporting costs in connection with the pricing, administration, and settlement...
Page 22 - The rate in each case should be stated as the percentage which the amount of the particular indirect cost pool is of the total direct salaries and wages of all research agreements identified with such pool.
Page 31 - Circular, except that any such costs continuing after termination due to the negligent or willful failure of the institution to discontinue such costs will be considered unacceptable. d. Loss of useful value of special tooling, and special machinery and equipment is generally allowable, provided (1) such special tooling, machinery, or equipment is not reasonably capable of use in the other work of the institution; (2) the interest of the Government is protected by transfer of title or by other means...
Page 28 - Government-donated or furnished material is used in performing the research agreement, such material will be used without charge.
Page 29 - Royalties and other costs for use of patents. Royalties on a patent or amortization of the cost of acquiring a patent or invention or rights thereto, necessary for the proper performance of the research agreement and applicable to tasks or processes thereunder, are allowable unless the government has a license or the right to free use of the patent, the patent has been adjudicated to be invalid or has been administratively determined to be invalid, the patent is considered to be unenforceable, or...
Page 23 - H.2. below may be acceptable in the determination of allowable indirect costs. Under this abbreviated procedure, data taken directly from the institution's most recent annual financial report and immediately available supporting information will be utilized as a basis for determining the indirect cost rate applicable to research agreements at the institution.
Page 28 - Costs of preparing disclosures, reports, and other documents required by the contract and of searching the art to the extent necessary to make such invention disclosures, are allowable. In accordance with the clauses of the...
Page 18 - Circular may not be shifted to other research agreements in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by terms of the research agreement, or for other reasons of convenience. 5. Applicable credits. a. The term applicable credits...