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 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. 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
Hourly Rates: Hourly rates are comprised of the following elements - Direct (Raw) Labor, Indirect Cost Rate, and Fee (Profit).
More Definitions of Indirect Cost 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 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 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. 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 ).
Indirect Cost Rate. The Grantee’s acknowledged or approved Indirect Cost Rate (ICR) is contained within Attachment B, Budget, and either the ICR Acknowledgment Letter, ICR Acknowledgment Letter-Ten Percent De Minimis, or the ICR Agreement Letter is attached to this Contract and incorporated as Attachment G, 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 HHSC Grant - v 2.14 Effective: February 1, 2019 as Attachment G and review Attachment B, Budget, when the Indirect Cost Rate Letter is issued. If the System Agency, at its sole discretion, approves or acknowledges an updated indirect cost rate, the new rate, together with the revised ICR Acknowledgment Letter, ICR Acknowledgment Letter-Ten Percent De Minimis, or the ICR Agreement Letter, will be included in the revised Attachment G and amended Attachment B.
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 C.F.R. 570.200(g), no more than 7.5% of the sum of any award shall be expended for planning and administrative costs.