New Federal Grant & Contract Guidelines are a Good First Step for Everyone
The guidelines are long and complex, but highlights include:
The guidelines are long and complex, but highlights include:
It’s also hoped the acknowledgment by OMB will get the attention of corporations and foundations whose grants funding still operates under the 7-10 percent indirect costs principle.
The Office of Management and Budget said it considered higher rates, but that it picked a “conservative” amount “to protect the federal government from excessive over reimbursement.”