Indirect cost definition

Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

Indirect cost means those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. Indirect Costs represent the expenses of doing business that are not readily identified with the Grant Project responsive to this RFA but are necessary for the general operation of the organization and the conduct of activities it performs.

Indirect cost means those expenses which cannot be related directly to a specific program and are, therefore, allocated to more than one program.

Examples of Indirect cost in a sentence

• Xxxxx Street, Suite 300 Seattle, WA 98102 Subject: Acceptance FYE 2022 ICR – CPA Report Dear Xxxxxx Xxxxxxxxx: We have accepted your firms FYE 2022 Indirect Cost Rate (ICR) of 177.39% of direct labor (rate includes 0.45% Facilities Capital Cost of Money) based on the “Independent CPA Report,” prepared by Xxxxxxxxx Xxxx, Inc.

• Code § 8546.7, the A-E, Subconsultants, and COUNTY shall maintain all books, documents, papers, accounting records, Independent CPA Audited Indirect Cost Rate workpapers, and other evidence pertaining to the performance of the CONTRACT including, but not limited to, the costs of administering the CONTRACT.

• Cost Proposals are subject to an audit or Certified Public Accountant Indirect Cost Audit Workpaper Review and are more fully described in ARTICLE IX, Audit Review Procedures.

• In connection with performing the Workpaper Review, nothing came to our attention to indicate that the examination and supporting workpapers for the Indirect Cost Rate Audit and the related Accountant Report did not conform in all material respects to the aforementioned regulations and auditing standards.

• Indirect Cost Rate: The Grantee’s acknowledged or approved Indirect Cost Rate (ICR) is contained within the ICR Agreement Letter, which is attached to this Contract and incorporated as Attachment F.

More Definitions of Indirect cost

Indirect cost means an amount which is received from the federal government relative to administering an award, contract, or grant made by the federal government.

Indirect cost means the costs incurred by the UN Partner as a function of and in support of the Technical Assistance, which cannot be traced unequivocally to the Technical Assistance. The rate applicable to this Agreement is stated in Annex V;

Indirect cost means those costs incurred for a common or

Indirect cost means those costs incurred for a common of joint purpose benefitting more than one cost objective, and which are not readily assignable to the cost objectives specifically benefited, without effort disproportionate to the results achieved.

Indirect cost means costs that benefit more than one activity of the recipient and not directly assigned to a par- ticular project objective.

Indirect cost means a cost of a general nature which is not readily identifiable with the activities of the School Nutrition Program and incurred for a common or joint purpose benefiting more than one activity or cost objective. In accordance with N.C.G.S. § 115C-450, the LEA may not assess indirect costs to the nonprofit School Nutrition Program if the program does not have a minimum of one-month’s operating balance, based on a rolling three-year average, as authorized by NCDPI.

Indirect cost means costs that benefit more than one activity of the recipient and that may not be directly assigned to a particular project objective.