Modified Total Direct Cost definition

Modified Total Direct Cost or "MTDC" means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and subawards 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, charges for patient care, rental costs, tuition remission, scholarships and fellowships, participant support costs and the portion of each subaward in excess of $25,000. Other items may only be excluded when necessary to avoid a serious inequity in the distribution of indirect costs, and with the approval of the cognizant agency for indirect costs.
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Modified Total Direct Cost or "MTDC" means all direct salaries and wages, 934 applicable fringe benefits, materials and supplies, services, travel, and subawards 935 up to the first $50,000$25,000 of each subaward (regardless of the period of
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Modified Total Direct Cost or "MTDC" means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and subawards 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
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Examples of Modified Total Direct Cost in a sentence

  • If the recipient do not have a negotiated rate, the indirect cost rate shall be calculated using Modified Total Direct Cost.

  • Subrecipients may elect to use a rate derived from a current cost allocation plan documented in the required Indirect Cost Certificate submitted to the state (along with any other supporting documents required by the state) or may elect to use a de minimis rate up to 10% Modified Total Direct Cost (MTDC) as described in 2 CFR §200.414 and TxGMS.

  • Indirect costs are proposed as a percentage (or rate) of a direct cost allocation base such as Modified Total Direct Cost (MTDC) or direct labor.

  • An Entity that has never received a negotiated indirect cost rate may elect to charge a de minimis rate of 10% of modified total direct costs as per 2CFR 200.68 Modified Total Direct Cost (MTDC).

  • Modified Total Direct Cost Method (MTDC) means 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).

  • If a Provider has a federally funded DYCD contract with a budget of $100,000 and plans to buy a $6,000 Supercomputer and to subcontract out $29,000 worth of services, calculate the Modified Total Direct Cost (MTDC) by subtracting $6,000 (equipment cost) and $4,000 (excess over $25,000) from the $100,000 contract budget amount.

  • Modified Total Direct Cost (MTDC) means all direct salaries and wages, applicable fringe benefits, materials and supplies, travel and up to the first $25,000 of each Subrecipient’s subcontractor.

  • Overhead/Indirect Costs may not exceed 25% of the Modified Total Direct Cost.

  • An MPO that has never received a negotiated indirect cost rate may elect to charge a de minimis rate of 10% of modified total direct costs as per 2CFR 200.68 Modified Total Direct Cost (MTDC).

  • As applicable, for Federal Funded Program, Contactor shall charge the County program a de Minimis ten percent (10%) of the Modified Total Direct Cost (MTDC) as indirect cost.