Michigan Technological University has recently reached a new F&A rate agreement. This agreement determines the indirect cost rates for the university’s sponsored research projects.
The university’s F&A (Facilities and Administrative) costs cover expenses that are not directly attributable to a specific project but are necessary for the overall functioning of the research enterprise. These costs include administrative support, facilities maintenance, and other indirect expenses.
The new rate agreement, which was approved by the university’s Board of Trustees, sets the F&A rates for different types of research activities. The rates vary depending on the nature of the research and the source of funding.
Under the new agreement, lease wayleave agreements and rate card agreements will also be considered in determining the F&A rates. These agreements allow the university to use its facilities and resources for external projects and generate additional revenue.
This agreement will have a significant impact on the university’s sponsored research projects and will ensure that the indirect costs are adequately covered. It will also provide transparency and consistency in determining the F&A rates for different research activities.
This is not the first time that Michigan Technological University has entered into such an agreement. In fact, many other universities also have similar agreements in place to determine the F&A rates for their sponsored research projects.
Other institutions, such as Calvary Bruce, have their own private enterprise agreements. These agreements outline the terms and conditions for the engagement of private enterprises in research activities.
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In some cases, individuals may engage in agreements without any monetary consideration. A contribution agreement without consideration is a legally binding document that outlines the terms of non-monetary contributions.
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