An indirect cost rate agreement (ICRA) is a useful tool for organizations that receive federal government funding. An ICRA establishes the methodology for calculating the indirect costs associated with operating and maintaining a facility or project. It is crucial for any organization that receives federal grants to establish an ICRA to ensure they are receiving adequate reimbursement for their indirect expenses.

An ICRA sample typically includes a detailed breakdown of the indirect expenses that the organization incurs. These expenses can range from rent, utilities, and insurance to salaries, payroll taxes, and fringe benefits. The sample ICRA also includes the calculation methodology for determining the indirect cost rate, which is the percentage of indirect expenses that the organization is eligible to recover from the government.

The indirect cost rate agreement sample must comply with the requirements set forth by the Office of Management and Budget (OMB). The OMB establishes the uniform guidance for federal awards, which outlines the requirements for calculating indirect costs and negotiating an ICRA. It is imperative that the sample ICRA complies with these requirements to avoid any audit findings or disallowed costs.

To ensure that the ICRA sample complies with the OMB requirements, it is essential to have an experienced professional review and approve it. An experienced copy editor familiar with SEO can help ensure that the sample complies with the OMB`s guidance and is optimized for online searches.

In conclusion, an ICRA is an important agreement for organizations that receive federal government funding. The sample ICRA must be carefully crafted to comply with OMB requirements and ensure that the organization receives adequate reimbursement for its indirect expenses. An experienced copy editor can help ensure that the sample ICRA meets these requirements and is optimized for online searches, improving the organization`s chances of securing future funding.