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F. Indirect Costs. 1. General. Indirect costs are those: (a) incurred for a common or joint purpose benefiting more than one cost objective, and (b) not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved.
- OMB Circular No. A-87, General Principles for Determining Allowable Costs
A standard indirect cost allowance equal to ten percent of...
- OMB Circular No. A-87, General Principles for Determining Allowable Costs
A standard indirect cost allowance equal to ten percent of the direct salary and wage cost of providing the service (excluding overtime, shift premiums, and fringe benefits) may be used in lieu of determining the actual indirect costs of the service.
This guide contains, by reference, Office of Management and Budget (OMB) Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, and guidance for its interpretation and implementation.
Allocation of Costs: OMB Circular A-87 defines acceptable methods of allocating costs for central service administration and indirect costs. Typical central administrative costs may include central accounting services, information technology services, human resources functions, general program management and oversight.
This Circular establishes principles and standards for determining costs for Federal awards carried out through grants, cost reimbursement contracts, and other agreements with State and local governments and federally-recognized Indian tribal governments (governmental units).
This Circular establishes principles and standards for determining costs for Federal awards carried out through grants, cost reimbursement contracts, and other agreements with State and local governments and federally-recognized Indian tribal governments (governmental units).
10 maj 2004 · Circular A-87 provides principles and standards for determining costs for federal awards, including grants, cost reimbursement contracts, and other agreements with state and local governments, and federally recognized Indian tribal governments.