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.
cost rate(s) (e.g. Facilities and Administrative (F&A), Fringe Benefit, General and Administrative (G&A), Overhead, etc.) Therefore the Non-Profit Organization (NPO) has to established an Indirect Cost Allocation Base. Typically the Cognizant Federal Agency Official (CFAO) allows the NPO to determine their allocation base. However, the allocation base utilized by the NPO must be in accordance with the applicable (1) cost principles (2 C.F.R Part 220, 2 C.F.R Part 225, 2 C.F.R Part 230, etc.); (2) Cost Accounting Standards