Indirect Cost Recovery Fundamentals

Indirect Cost Recovery Fundamentals

Recovering indirect costs can be confusing for grant-funded organizations because no universal rule exists for classifying costs as indirect versus direct. This session will clarify that distinction and explain methods for optimizing indirect cost recovery. During this session, you will learn the differences between direct and indirect costs using real world examples. This session will also explain the primary options that grant-funded organizations have for recovering their indirect costs. You will learn about cost allocation, negotiated indirect cost rate agreements, and the de minimis indirect cost rate. In addition, the discussion will include considerations for each method, and will highlight the pros and cons. After attending this session, you will be able to outline the different options for indirect cost recovery and make an informed decision about the best method for your organization.

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