Indirect Cost Rate

Indirect Cost, also referred to as Facilities and Administrative Costs, means costs that are incurred for common or joint objectives and therefore, cannot be identified readily and specifically with a particular sponsored project, an instructional activity, or an any other institutional activity. Indirect cost is taken on all Modified Total Direct Cost (MTDC), which, as defined in OMB Circular A-21, consists of salaries and wages, fringe benefits, materials and supplies, services, travel and subgrants and subcontracts up to the first $25,000. Excluded from the base for indirect cost are equipment, tuition and service center costs (publications, vessels, and analytical services).

Computation. Indirect cost is computed by multiplying the MTDC by the indirect cost rate.

Reduced indirect cost must be approved in advance by the Director of Research and Advisory Services

Fiscal Year Period

Rate

FY 2018

40.00 Percent

FY 2014-2017

45.70 Percent

FY 2013-2014

44.00 Percent

FY 2011-2012

48.00 Percent

FY 2009-2010

43.00 Percent

FY 2007-2008

45.00 Percent

FY 2005-2006

47.45 Percent

FY 2003-2004

47.78 Percent

FY 2001-2002

40.93 Percent

FY 1999-2000

46.14 Percent

To view a copy of VIMS' indirect cost rate agreement please click here:  FY 2018 F&A Agreement

updated 8/1/2017