- Archive by tag'
- Rate negotiation '
During the NIH SBIR Conference in Louisville Kentucky this past week, Edward Jameson gave a spirited presentation regarding SBIR Accounting, and the importance of negotiating Indirect Rates on the Phase II of an NIH Award. As we always harp at our firm, taking the Provisional 40% F&A rate you receive at Phase I, and carrying [...]
As you apply for a government grant or contract, one of the most important pieces of the cost proposal that is overlooked is what indirect rate to request. Some government agencies, such as the National Institutes of Health, offer a “no-hassle” indirect rate of forty percent based on all direct costs for Phase II SBIR [...]
In general, the cost of staffing your Small Business Innovation Research (SBIR) Company´s accounting department is driven by the following three elements: 1. Number of employees 2. Annual revenue and volume of transactions 3. Reporting requirements and other terms and conditions imposed by contract or grant between your company and its customers. The administration of [...]
Congratulations! You just received a notice from the National Institutes of Health (NIH) that your grant proposal has been selected for funding. As you move through the negotiation phase of the award process, your grants management specialist will ask “Do you have a negotiated indirect cost rate agreement to support the F&A rate that you [...]
In our experience, more than half of the National Institutes of Health (NIH) grantees who accept the SBIR/STTR Omnibus solicitation indirect rate of 40 percent for Phase II SBIR grants will have significant cost overruns on their projects and even greater difficulty growing their company should they happen upon success. The National Institutes of Health [...]