Indirect Costs definition

Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

Indirect Costs means those costs that are: (1) incurred for a common or joint purpose benefiting more than one cost objective, and (2) not readily assignable to the cost objectives specifically benefited, without effort disproportionate to the results achieved.

Indirect Costs means those costs that are incurred for a common or joint purpose benefiting more than one cost objective and are not readily assignable to the Project (i.e., costs that are not directly related to the Project). Examples of Indirect Costs include, but are not limited to: central service costs; general administration of the Recipient; non-project-specific accounting and personnel services performed within the Recipient organization; depreciation or use allowances on buildings and equipment; the costs of operating and maintaining non-project-specific facilities; tuition and conference fees; generic overhead or markup; and taxes.

Examples of Indirect Costs in a sentence

• Attach a copy of Certification of Cost Allocation Plan or Certification of Indirect Costs.

• Indirect Costs (Overhead) are those costs which, though necessarily having been incurred and paid by an Ultimate Recipient for the conduct of its business in general, cannot be identified and measured as directly applicable to the carrying out of an Eligible Project.

• Any Indirect Costs (overhead) exceeding such limits will be treated as an Eligible Not-Supported Costs.

• DocuSign Envelope ID: 1FD8507C-3D14-4A93-82B0-7E8426260B80 FORM B - 7 Indirect Costs Chambers County Public Hospital District #1 Legal Name of Respondent: Total amount of indirect costs allocable to the project: Indirect costs are based on (mark the statement that is applicable): The respondent’s most recent indirect cost rate approved by a federal cognizant agency or state single audit coordinating agency.

• The Fixed-Fee amount will be developed by multiplying the negotiated profit rate by the Labor Costs (excluding labor costs from NBRs) plus Allowable Indirect Costs for the Project.

More Definitions of Indirect Costs

Indirect Costs means those costs that are incurred for a common or joint purpose benefiting more than one cost objective and are not readily assignable to the funded project (i.e., costs that are not directly related to the funded project). Examples of Indirect Costs include, but are not limited to: central service costs; general administration of the Grantee; non-project-specific accounting and personnel services performed within the Grantee’s organization; depreciation or use allowances on buildings and equipment; the costs of operating and maintaining non-project-specific facilities; tuition and conference fees; and, generic overhead or markup. This prohibition applies to the Grantee and any subcontract or sub-agreement for work on the Project that will be reimbursed pursuant to this Agreement.

Indirect Costs means the shared costs of an organization necessary to the operation and the performance of its programs. This could include fiscal, payroll, information technology, human resources and other costs associated with operating and maintaining staff and work space.

Indirect Costs means those costs that have been incurred for common or joint objectives and cannot be readily identified with a particular final cost objective, i.e., a particular Award, Program, service, or other direct activity of an organization. A cost may not be allocated to an award as an Indirect Cost if any other cost incurred for the same purpose, in like circumstances, has been assigned to an award as a Direct Cost. Provider is responsible for presenting costs consistently and must not include costs associated with its Indirect Cost Rate as Direct Costs. The term “Indirect Costs” is synonymous with the term “Administrative Costs.” See, e.g., U.S. Department of Health and Human Services Grants Policy Statement, January 1, 2007, at II-26.

Indirect Costs means the fees costs expenses premiums and charges for the Project incurred:

Indirect Costs means costs for a common or joint purpose benefitting more than one cost objective that are allocated to each benefiting objective using an agency approved indirect rate or an allocation methodology. Indirect costs rate or allocation methodology must comply with 2 C.F.R. Part 200 and CMS non-institutional reimbursement policy.

Indirect Costs means costs that cannot be identified with a specific unit of product or service or with a specific operation or cost centre, and include but are not limited to overhead costs, administrative and general expenses, and taxes;

Indirect Costs means the shared costs of an organization necessary to the operation and the performance of its programs. This could include fiscal, payroll, information technology, human resources and other costs associated with operating and maintaining staff and workspace.