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If participating as a for-profit institution, which does not have a negotiated indirect cost rate agreement, is there a maximum allowed rate (or alternatively an approved standard indirect rate) that can be used?

asked in Budget by admin

1 Answer

If a for profit organization does not have an indirect cost rate agreement, then the organization must submit the following with their cost proposal:  Copy of 1) actual indirect rate to be validated by 2) financial statements  and 3) copy of FY12 projected rate and assumptions used if the FY12 rate differs from FY11 rate.
answered by admin

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