Negotiating Indirect Cost Rate Checklist

AssociationTrends

One of the most important phases for nonfederal entities during the grant lifecycle is the negotiation stage where they establish their indirect cost rates with their cognizant agency. Recipients that do not qualify for the 10% de minimis rate now offered under the Office of Management and Budget’s uniform grant guidance want to ensure that they are settling on a rate that will be the most financially appropriate for them. During the negotiation phase, as well as during re-negotiation, information about indirect cost rates are shared with the federal negotiators, and concerns are clarified as the nonfederal entity and cognizant agency aim to reach mutual agreement on a rate.

This checklist will help you keep track of EVERYTHING you need to be aware of when going through these negotiations.

 

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