BUDGET PREPARATION. FOR GRANT PROPOSALS. STEP 1. Begin with a rough budget Or prepare the budget after the draft. STEP 2. Calculate all details of salaries and benefits Consult finance officer
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As a rule of thumb for calculating your costs, figure salaries will be 60 to 80% of the total request. Evaluation and dissemination will be 10 to 15% of the total. Make sure your PI’s salary takes into account any mandatory cap or other granting agency rules.