Indirect Cost Rate. If the Subrecipient chooses to charge Indirect under this grant, the Subrecipient shall provide their indirect cost rate that has been negotiated between their entity and the Federal Government. If the subrecipient has never received a negotiated indirect cost rate a de minimis indirect cost rate of 7.5% of modified total direct costs (MTDC) may be used. “Modified Total Direct Costs (MTDC) shall mean all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, and rental costs. The indirect cost rate charged under this agreement is: N/A. In accord with 24 CFR 570.200(g), no more than 7.5% of the sum of any award shall be expended for planning and administrative costs.
Indirect Cost Rate a. As required by 2 CFR 200.331(a)(4), the indirect cost rate(s) for this project at the time the agreement is written is 75.72 percent. This rate may change during the term of this Agreement upon notice to ODOT and ODOT’s subsequent written approval.
Indirect Cost Rate. Grantee shall not spend funding obtained either through this Agreement or any other WIOA Grant or contract on indirect or administrative costs in excess of their Negotiated Indirect Cost Rate.
Indirect Cost Rate. Reimbursement of indirect costs and/or overhead is not allowed under this Agreement.
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (“ICR”) is contained within ATTACHMENT K, and either the ICR Acknowledgement Letter, ICR Acknowledgement Letter – Ten Percent De Minimis, or the ICR Agreement Letter attached to this Contract and incorporated as ATTACHMENT K, FORM E, INDIRECT COST RATE LETTER.
Indirect Cost Rate. An established percentage of incurred expenses for Direct Costs of Direct Labor which is used as a basis of compensation for Indirect Costs. Fees or Profit are not included in the Indirect Cost Rate.
Indirect Cost Rate. The Subaward Data attached hereto as Exhibit J contains information on PARTNER4WORKS’ indirect cost rate under the Notice of Award. The indirect cost rate information, if any, indicated in the Budget attached hereto as Exhibit C shall apply to the Subaward.
Indirect Cost Rate. Contractor has opted to accept a rate less than the de minimis maximum rate of 10%. For the base period of this contract, the Indirect Cost rate is 8.0%. Indirect costs in the contract budget are 8.0% of Total Direct Costs. Indirect costs will be billed monthly at a proportional amount (8%) of the modified total direct costs (MTDC).
Indirect Cost Rate a. If the City (Subrecipient) chooses to claim an indirect cost for reimbursement, the indirect cost rate must be in accordance with 2 CFR Part 200.414 and Section E, Appendices III-VIII and approved by your cognizant agency. A copy of the indirect cost approval letter must be submitted to MDT and approved prior to any reimbursement. If MDT is the City’s (Subrecipient’s) primary source of federal funds, then a copy of the City’s indirect cost plan must be submitted to MDT for review and approval. If the City (Subrecipient) does not have an indirect cost rate approved by your cognizant agency, then a 10% “de minimus” indirect cost rate may be used.
Indirect Cost Rate. The publication of Title 2 CFR Part 200, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,” released on December 26, 2013, requires that every sub-award of federal funds from pass-through entities (i.e. the SFWIB) to the sub-recipient must include, among other elements, an Indirect Cost Rate. In conformity with Title 2 CFR Part 200, the Contractor shall submit one of the following to the SFWIB along with the program budget (as described in Article IV, F):
