The full economic costing methodology was adopted for costing all research grant proposals in September 2005. This allows departments to budget for:
Not all sponsors accept fEC, particularly charities. However, all research grant proposals must be costed on a fEC basis regardless of whether or not the costs are eligible for reclaiming from a particular sponsor. This is because the University needs to record the full economic costs of all research. There are some exceptions to this eg. EC and NIH.
Costing grants proposals on a fEC basis also allows Departmental Administrators and Heads of Departments to make informed decisions on individual grant proposals in relation to costs versus income. It is important that all costs are included in applications so that research is not underfunded. If you need any help with costing or advice on sponsor’s terms and conditions please contact your School Team [1] within the Research Operations Office.