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Indirect Channel guidance Document RAMA Intake Preservice supported by Indirect Channel triggers applicable RAMA section and corresponding obligation of the RAMA Intake form in the IC Hub, nonapplicable

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How to fill out indirect cost rate proposal

01

Gather all necessary financial and accounting records.

02

Calculate total indirect costs and direct costs separately.

03

Determine the base to which the indirect costs will be allocated.

04

Allocate the indirect costs to the appropriate base.

05

Calculate the indirect cost rate by dividing total indirect costs by the allocated base.

06

Include all required supporting documentation and certifications.

07

Submit the completed indirect cost rate proposal to the appropriate agency or organization.

Who needs indirect cost rate proposal?

01

Government contractors and subcontractors who are required to submit indirect cost rate proposals as part of their contracts.

02

Non-profit organizations receiving federal grants or contracts that require submission of an indirect cost rate proposal.

03

Any organization seeking reimbursement for indirect costs incurred in relation to a specific project or contract.

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What is indirect cost rate proposal?

An indirect cost rate proposal is a document submitted by an organization to establish the rate at which indirect costs can be allocated to a federal grant or contract.

Who is required to file indirect cost rate proposal?

Organizations that receive federal funding or grants are generally required to file an indirect cost rate proposal to determine their allowable indirect costs.

How to fill out indirect cost rate proposal?

To fill out an indirect cost rate proposal, an organization must gather financial data, including direct and indirect costs, and complete the required forms, following guidelines provided by the federal agency overseeing the funding.

What is the purpose of indirect cost rate proposal?

The purpose of the indirect cost rate proposal is to identify and allocate the indirect costs of an organization, ensuring that funding is appropriately managed and expenses are accurately reported.

What information must be reported on indirect cost rate proposal?

The proposal must report total indirect costs, total direct costs, and any calculation necessary to determine the indirect cost rate, along with supporting documentation.

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