Indirect Cost Recovery Rate

The recovery rate relative to direct costs spent in a particular fiscal year on Contracts and Grants that covers the cost of indirect expenses such as light, heat, central administration, etc. that cannot be directly allocated to any particular sponsored project, but nonetheless are real costs incurred by the institution as a result of participating in the sponsored project. Offsetting revenue is recovered by the institution from the sponsoring agency to cover these indirect costs

More:

Document Layout