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AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT 13. EFFECTIVE DATE 2 AMENDMENT/MODIFICATION NO. 0001 1. CONTRACTED CODE 4 5. PROJECT NO. (If applicable) 5/22/2012 6. ISSUED BY OF PAGES 1 J 4. REQUISITION/PURCHASE

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What is faaco?

Facilities and Administrative (F&A) Cost Rate Negotiation Agreement (FAACO) is a written agreement between a Federal agency and an institution that defines the F&A cost rate(s) that will be used to recover the indirect expenses of research and other sponsored activities.

Who is required to file faaco?

Institutions that receive federal funding for research and sponsored activities are required to file FAACO.

How to fill out faaco?

To fill out FAACO, institutions need to provide detailed information about their indirect expenses, such as salaries, administrative costs, and facilities expenses. This information is used to negotiate the F&A cost rates with the federal agency.

What is the purpose of faaco?

The purpose of FAACO is to establish the indirect cost rates that will be used to reimburse institutions for the expenses they incur in conducting federally sponsored research and other activities.

What information must be reported on faaco?

FAACO requires institutions to report detailed information about their indirect expenses, including but not limited to salaries, administrative costs, facilities expenses, and other costs necessary to conduct research and sponsored activities.

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