So, here’s the scenario.

We just negotiated a new F&A Research Rate (a.k.a. indirect cost rate
for those of you who have been in the business for a while) that has
step increases in the research rate:  48.5% from July 1, 2007 through
June 30, 2008 (this cleans-up a provisional period rate), 49.0% from
July 1, 2008 through June 30, 2010, and then to 49.5% from July 1, 2010
through June 30, 201.

I know that award F&A rates are supposed to be tied to the negotiated
rate of the period in which they are awarded, but, is that literally the
exact period or would that be the period of the overall multi-year rate
agreement. That is, if we receive a multi-year award tomorrow (happy new
year) would we charge 49.0% for the entire award, or could we charge our
increasing rate amounts over the term of the award since they are known
now and fall within the same Rate Agreement?

As a corollary, if we can charge the higher/increasing rates, would
they follow the period of each rate (our fiscal year) or each project
year?

~~~~~~~~~~~~~~~~~~~~~~~
Larry Waxler, Director
Office of Sponsored Programs
University of Southern Maine
5th Floor Bioscience Building
P.O. Box 9300
Portland, ME  04104-9300
Telephone: 207-780-4413
Telefax: 207-780-4927

======================================================================
 Instructions on how to use the RESADM-L Mailing List, including
 subscription information and a web-searchable archive, are available
 via our web site at http://www.hrinet.org (click on "Listserv Lists")
======================================================================