Principles for Determining Costs Applicable to Research and Development Under Grants and Contracts with Educational Institutions(Volume Attachment A)
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1970-09-02
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Edition:Revised
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Abstract:This Circular provides principles for determining the costs applicable to research and development work performed by educational institutions under grants from and contracts with the Federal Government. These principles are confined to the subject of cost determination and make no attempt to identify the circumstances or dictate the extent of agency and institutional participation in the financing of a particular research or development project. The principles are designed to provide recognition of the full allocated costs of such research work under generally accepted accounting principles. No provision for profit or other increment above cost is intended.
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