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Division of ResearchSUBJECT:
Direct Cost PolicyEffective Date:
Policy Number:
01/25/13
10.5.7
Supersedes:
Page
Of
1
14
06/21/10
11/01/08
Responsible Authorities:
Division of Research
Director, Research
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What is direct cost policy?
Direct cost policy is a set of guidelines and procedures for determining and reporting costs directly attributable to a specific project or activity.
Who is required to file direct cost policy?
Any organization or individual receiving funding from a grant or contract that requires the reporting of direct costs.
How to fill out direct cost policy?
Direct cost policy can be filled out by detailing all costs directly related to a specific project or activity, including labor, materials, and other expenses.
What is the purpose of direct cost policy?
The purpose of direct cost policy is to ensure that funding recipients accurately report expenses directly related to the funded project or activity.
What information must be reported on direct cost policy?
Direct cost policy must include details on labor costs, materials costs, overhead costs, and any other direct expenses related to the project or activity.
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