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Research Branch

Research Branch . Valuing Your Research: Costing & Pricing Grant Applications. Research Grants – costing or pricing?. Competitive grant application Researcher initiated IP stays at University of Adelaide Competitive (success rates ARC Discovery = 20% NHMRC Project = 25%)

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Research Branch

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  1. Research Branch Valuing Your Research: Costing & PricingGrant Applications

  2. Research Grants – costing or pricing? • Competitive grant application • Researcher initiated • IP stays at University of Adelaide • Competitive(success rates ARC Discovery = 20% NHMRC Project = 25%) • Australian Competitive Grants (ACG) and othershttp://www.adelaide.edu.au/dvcr/sre/resources/2009ACGRrevised14May09.pdf • Won’t cover the full-cost of your research(usually only cover the direct costs) • Sponsors • Have rules and priorities for funding - do your research • May not fund everything you request in your application

  3. Budget elements Budget Justification

  4. Constructing your budget • Direct Costs

  5. Constructing your budget • Indirect Costs

  6. Budget tips • Determine and cost what is essential to the project and what would add value • Check the format • Check your arithmetic • Demonstrate to someone in your field that you know how much things cost • Budget for contingencies • Have a backup plan if not fully funded • GST (should be included unless the grant body indicates their ATO approved position stating otherwise). Can’t include for ARC/NHMRC • Indirect Costs • Direct Costs

  7. Budget tips Budget Justification • Indirect Costs • Direct Costs • Justify ALL items in terms of cost & need • Link the budget to your research program • Define the essential & the value add • Be specific with your costings • Give details of other project support

  8. Pitfalls to avoid • Under-budgeting (may make the project unachievable) • Over-budgeting (may annoy the sponsor and/or reviewer) • Miscalculation of salary or salary on-costs • Omitting invisible costs (appointment expenses etc) • Unclear or non-existent budget justification • Lack of provision of space/resources for temporary staff associated with the project

  9. Rules and Tools

  10. For further assistance with your Grant Application Budget?

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