Negotiated Indirect Cost Rate Agreement (Nicra)

Equipment – an asset (including it-technical systems) with a lifespan of more than one year and the acquisition cost per unit greater than US$5,000 or more The National Fish and Wildlife Foundation (NFWF) recognizes that in some cases, sub-recipients may have costs that are not directly attributable to projects or activities funded by the Foundation, but that the recovery of these indirect costs is necessary to effectively implement the corresponding projects or activities. In these cases, the following indirect costs directive applies. For more information, please see the “Definitions (D) Frequently Asked Questions (E) section and appendix to this document. The first step in negotiating the indirect cost rate with DFAS is to provide them with your financial information in a set of reports they prescribe on their website. The package consists of a dozen calendars and checklists that allow your accountant to understand your business, so that it is possible to set a margin rate and R and; Fair and equitable for both your company and the government. Total Direct Costs (MTDC) Uniform Guidance Definition – Calculating project direction costs outside of cost, as defined in the company`s NICRA (basic definition), or as defined in the .200.68 of the Single Guide, where there is no valid and approved NICRA. The MTDC base may vary depending on the organization. The NICRA allows the Grants or Contracting Officer to quickly calculate the appropriate allocation of indirect project costs and calculate these lines for the entire process. If you do not have a negotiated agreement on indirect costs, the skills management specialist will generally save the budgeted amount for indirect expenses.

If a limit is made on the funds you have requested for indirect expenditures, the funds will only be made available in the Payments Management System (PMS) until your indirect interest rate has been negotiated with the Department of Financial Guidance Services (DFAS). Negotiated Indirect Cost Rate (or Recovery) Agreement /NICRA – Negotiated agreement between a company and its conscious federal authority on the “fair share” of indirect costs that can be charged to Federally funded projects. Federal, regional, local and Indian tribes may, instead of an indirect NICRA CostIng, submit an approved cost allocation plan (CAP) that must be calculated from the cost base set out in the organization`s NICRA. Entities without valid and approved NICRA must use the appropriate basis defined in points B.2, B.3 or B.4 of this directive. The basic cost formula calculates the modified total direct costs, which are then multiplied by the negotiated indirect cost rate. The resulting calculation represents the eligible indirect costs for the project. You have just received a message from the National Institutes of Health (NIH) that your SBIR Phase II grant proposal has been selected for funding. As you go through the JIT process, your stock exchange management expert asks, “Do you have a negotiated indirect cost rate (NICRA) agreement to support the F-A rate you requested in the proposal?” Direct costs – costs that can be specifically attributed to a project, program, activity or indirect cost target – indirect costs that are borne for common purposes and are more than an objective, project or program, and cannot simply be attributed to the result, project or program that derives the specific benefits.