F&A Guidance Update
Earlier this year SP created an F&A guidance document to help determine the correct F&A rate to use when developing budgets. We have updated this document to clarify the requirement that all industry sponsored projects are expected to budget the full research rate on a Total Direct Cost (TDC) basis. In cases where an industry sponsor publishes a cap on the allowable F&A that is lower than the full research rate, you still must obtain an approved F&A waiver. Additional clarifying guidance can be found here.
If you have any questions, please contact your Sponsored Programs RA.