Common use of Federally Negotiated Indirect Cost Rate Clause in Contracts

Federally Negotiated Indirect Cost Rate. We have previously negotiated or currently have an approved indirect cost rate with a Federal (cognizant) agency. A copy of our most recently approved rate agreement is attached; if necessary, we will provide a more current rate once it is approved. Our current Federally Negotiated Indirect Cost Rate is %. ☐ Federally Accepted de minimis Indirect Rate. We have never received a federally negotiated indirect rate. We request as a condition of this grant to charge a flat de minimis indirect cost rate of 10% of modified total direct costs (MTDC). We would like to negotiate an indirect rate of modified total direct costs (MTDC). ☐ We choose not to select an Indirect Cost Rate for this award Name Title Signature Date Definitions § 2 CFR 200.56 Indirect (facilities & administrative (F&A)) costs. Indirect (F&A) costs means those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. To facilitate equitable distribution of indirect expenses to the cost objectives served, it may be necessary to establish a number of pools of indirect (F&A) costs. Indirect (F&A) cost pools should be distributed to benefitted cost objectives on bases that will produce an equitable result in consideration of relative benefits derived.