Latin English Online Dictionary INDEX: List of Terms: Terms beginning with A, Page 1
Negotiated Indirect Cost Rate (or Recovery) Agreement/ NICRA â agreement negotiated between an entity and their cognizant federal agency regarding the âfair shareâ of indirect costs that can be charged to federally funded projects.
The indirect cost rate is the ratio of total indirect costs to the applicable direct costs. The higher the ratio for a given department, the greater the share of indirect costs that program should bear. In an effort to maintain efficiency and transparency, some companies set a target value for the indirect cost ratio.