Indirect Cost Rate definition
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (ICR) is contained within ATTACHMENT B, BUDGET and the ICR Acknowledgement Letter – Ten Percent De Minimis is incorporated by reference into this Contract as ATTACHMENT I. Grantee must have an approved or acknowledged indirect cost rate to recover indirect costs. If the System Agency approves or acknowledges an updated indirect cost rate, the Contract will be amended to incorporate the new rate (and the new indirect cost rate letter, if applicable) and the budget revised accordingly.
Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (“ICR”) is contained within HHSC Hourly Rate and either the ICR Acknowledgement Letter, ICR Acknowledgement Letter – Ten Percent De Minimis, or the ICR Agreement Letter is attached to this Contract and incorporated as Attachment H, Indirect Cost Rate Letter. If an Indirect Cost Rate Letter is required but it is not issued at the time of Contract execution, the Parties agree to amend the Contract to include the Indirect Cost Rate Letter as Attachment H and revise HHSC Hourly Rate when the Indirect Cost Rate Letter is issued. If HHSC, at its sole discretion, approves or acknowledges an updated indirect cost rate, the new rate, together with the revised ICR Acknowledgement Letter, ICR Acknowledgement Letter – Ten Percent De Minimis, or the ICR Agreement Letter, will be included in the amended Attachment H and revised HHSC Hourly Rate.
Examples of Indirect Cost Rate in a sentence
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.
Hourly Rates: Hourly rates are comprised of the following elements - Direct (Raw) Labor, Indirect Cost Rate, and Fixed Fee (Profit).
Indirect Cost Rate and Network Allocation The State shall apply the recipient department's indirect cost rate to direct payroll and allocate network costs and will draw down the funds monthly.
Indirect Cost Rate - Monthly (Modified) The State shall apply the recipient department's indirect cost rate to direct costs and shall request the funds monthly based upon the exact amount of the disbursement when available.
More Definitions of Indirect Cost Rate
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (ICR) and the [ICR Acknowledgement Letter/ICR Acknowledgement Letter – Ten Percent De Minimis/ICR Agreement Letter] is incorporated into this contract by reference. Grantee must have an approved or acknowledged indirect cost rate in order to recover indirect costs.
Indirect Cost Rate means a device for determining in a reasonable manner the proportion of Indirect Costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.
Indirect Cost Rate means is a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, DHS will not reimburse those Indirect Costs unless Provider has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate. If Provider has a current, applicable rate negotiated by a cognizant Federal agency, Provider shall provide to DHS a copy of its Indirect Cost Rate proposal and the acceptance letter from the Federal government. If Provider does not have a current, applicable rate negotiated by a cognizant Federal agency, DHS shall be responsible for establishing an Indirect Cost Rate for Provider.
Indirect Cost Rate means the percentage or dollar factor that expresses the ratio of indirect expense incurred in a given period to direct labor cost, manufacturing cost, or another appropriate base for the same period (see also “final indirect cost rate”).
Indirect Cost Rate means the rate arrived at through negotiation between an Indian tribe or tribal organization and the appropriate Federal agency;
Indirect Cost Rate means a device for determining in a reasonable manner the proportion of Indirect Costs each program should bear. It is the ratio (expressed as a percentage) of the Grantee’s Indirect Costs to a Direct Cost base.
Indirect Cost Rate. The Indirect Cost Rate is defined in the provisions of FAR, and is also subject to any limitations contained herein. At the time of execution of this Subconsultant Agreement, the Indirect Cost Rate for the Subconsultant is _ percent plus facilities capital cost of money (FCCM) of __ percent (FY20 ).