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February 19, 2020, Victor M. Lopez, Director Office of Cost Determination lopez.victor@dol.govTopics We Will Cover What is the Office of Cost Determination? Why is an agreement needed, Who is the

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What is cost principles 101 for?

Cost principles 101 is for establishing standards for determining costs of grants, contracts, and other agreements with the Federal Government.

Who is required to file cost principles 101 for?

Any organization that receives funding from the Federal Government and has grants, contracts, or other agreements with them is required to file cost principles 101.

How to fill out cost principles 101 for?

Cost principles 101 can be filled out by following the guidelines provided by the Federal Government in the documentation.

What is the purpose of cost principles 101 for?

The purpose of cost principles 101 is to ensure that costs charged to the Federal Government are allowable, reasonable, and allocable.

What information must be reported on cost principles 101 for?

Cost principles 101 must include information on direct costs, indirect costs, and cost allocation methods.

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