2 CFR 200.68 Modified Total Direct Cost (MTDC definition

2 CFR 200.68 Modified Total Direct Cost (MTDC means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, charges for patient care, rental costs, tuition remission, scholarships and fellowships, participant support costs and the portion of each subaward in excess of $25,000. Other items may only be excluded when necessary to avoid a serious inequity in the distribution of indirect costs, and with the approval of the cognizant agency for indirect costs. The definition of MTDC in 2 CFR 200.68 no longer allows for any sub-contracts to be included in the calculation. You will also note that participant support costs are not included in modified total direct cost. Participant support costs are defined below.

Examples of 2 CFR 200.68 Modified Total Direct Cost (MTDC in a sentence

  • If the applicant does not have an FNICR, a 10% indirect cost rate (known as the de minimis rate) may be used on the total, modified direct cost as defined in 2 CFR 200.68, Modified Total Direct Cost (MTDC), with no additional documentation required, per the U.S. Office of Management and Budget (OMB) Omni-Circular.

  • See 2 CFR 200.68 Modified Total Direct Cost (MTDC) and 2 CFR 200.414(f) Indirect (F&A) Costs for more information.

  • See the definitions below to assist you in your calculation.• 2 CFR 200.68 Modified Total Direct Cost (MTDC) means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award).

  • MTDC is the base defined by 2 CFR 200.68, Modified Total Direct Cost (MTDC).

  • If the applicant does not have an FNICR, a 10% indirect cost rate (known as the de minimis rate) may be used on the total, modified direct cost as defined in 2 CFR 200.68, Modified Total Direct Cost (MTDC), with no additional documentation required, per the U.S. Office of Management and Budget (OMB) Omni- Circular.

  • Members were informed that Claudine Douglas-Brown (Head of Exchequer Services) would be drafting a report concerning this and that the report would be presented to the Executive, Resources and Contracts PDS Committee for their consideration.Contracts and Commissioning Sub-Committee17 July 2018 The Chairman noted section 4.8.1 of the report which was to do with a review of the current contractor accommodation.

  • Further information about those costs can be found under the Code of Federal Regulations 2 CFR 200.68, Modified Total Direct Cost (MTDC).

  • As required by 2 CFR 200.68, Modified Total Direct Cost, (MTDC), the recipient must exclude PSC from its distribution of indirect costs if the recipient’s approved indirect cost rate uses MTDC as its base.

  • As required by 2 CFR 200.68, Modified Total Direct Cost, (MTDC), the recipient and its subrecipients must exclude PSC from their distribution of indirect costs if therecipient’s or subrecipient’s approved indirect cost rate uses MTDC as its base.

  • Applicants may request indirect cost up to 10%, regardless of the applicant’s recognized rate, on the total modified direct cost as defined in their Federally Negotiated Indirect Cost Letter (FNICR) or, if no FNICR, as defined in 2 CFR 200.68, Modified Total Direct Cost (MTDC).

Related to 2 CFR 200.68 Modified Total Direct Cost (MTDC

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