Getting the Most from Indirect Costs
The uniform guidance changed indirect costs for federal agencies, pass-through entities, recipients and subrecipients. It also created new requirements and new options, but what are the choices now available? Which are best? How should eligible nonfederal entities apply the de minimis rate? What are the advantages and disadvantages of negotiating an indirect cost rate? Should a provisional rate be used, if offered? How can a nonfederal entity extend its indirect cost rate for four years, and is that a good idea? What calculation formulas are available and would one formula yield a better indirect rate over another formula, even using the same set of cost data? What are cost allocation plans and how would they benefit a procurement process? Applying for and managing indirect costs was never simple, and charging indirect costs incorrectly can trigger audit findings and disallowances. Here's a playbook to help navigate the complex world of indirect costs.
GPC Comptencies Addressed:
How to craft, construct, and submit an effective grant application
Strategies for effective program and project design and development
Post-award grant management practices sufficient to inform effective grant design and development
Practices and services that raise the level of professionalism of grant developers
Karen Norris is nationally recognized in the grants community as a consultant and Subject Matter Expert for k4rnoco, a K4ren Norris Company in Gaithersburg, MD. She has more than 20 years experience, previously as a grants administrator for educational institutions and as an author and editor for national grants publications. Norris has served on the Board of Directors of professional associations and advisory boards. She is a recognized speaker and trainer, and has served as a federal reviewer.