Chris Beynon (DRI). Research Projects â€“ Budget Preparation Chris Beynon External Funding Officer Department of Research and Innovation. Agenda. Overview Costing Models Directly Incurred Costs Non-FEC Model & Example fEC Model Example â€“ FEC Costing R Ã© sum Ã© Q & A.
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Chris Beynon External Funding Officer Department of Research and Innovation
“A price which, if recovered across an institution’s full programme, would recover the total cost (direct, indirect and total overhead) of the institution, including an adequate recurring investment in the institution’s infrastructure”
Universities to achieve sustainability by:-
Directly incurred Costs are new costs specific to the project and include:
Costs are broken down according to four fund headings:
Note: Only academic and research staff draw down fEC costs