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.
After all, weâre talking about the federal government. If you donât have a negotiated indirect cost rate, some agencies will let you use a temporary administrative fee, often 15%. In some cases, if you donât expect to apply for many federal grants, you can just use this rate and not apply for a negotiated rate. If youâre doing this, be sure to exclude all indirect-cost items from the budget. Some agencies will put a cap on the indirect costs they will pay, often 20%.