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The SRA Symposium - College of Medicine

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Papers<br />

Integrated Project<br />

Duration – 4 years<br />

Typical costs under an EC FP6 project<br />

Full Cost with indirect Flat rate costs (FCF) Model<br />

Research Euros (€) Demonstration Activities Euros (€)<br />

Principal Principal<br />

Investigator 10% FTE 30,000 Investigator 1% FTE 3,000<br />

Research Research<br />

Assistant (3yrs) 90% FTE 117,450 Assistant 10% FTE 13,050<br />

Technician 50% FTE 69,000<br />

Consumables 50,000 Consumables 10,000<br />

Travel 18,000<br />

Equipment Purchase 6,000<br />

Equipment access 5,000<br />

Sub total 295,450a Sub total 26,050a<br />

Overheads Overheads<br />

(indirect costs/F&A) (indirect costs/F&A)<br />

@ 20% flat rate 59,090b @ 20% flat rate 5,210b<br />

Total Costs 354,540 Total Costs 31,260<br />

EC funds 50% for Research 177,270c EC funds 35% for Demonstration 10,941c<br />

Training activities Euros (€) Management Activities Euros (€)<br />

Principal Principal<br />

Investigator 5% FTE 15,000 Investigator 1%FTE 3,000<br />

External Examiners 5,000 Administration 6,000<br />

Audit Certification 8,000*<br />

Sub total 20,000a Sub total 17,000a<br />

Overheads Overheads<br />

(indirect costs/F&A) (indirect costs/F&A)<br />

@ 20% flat rate 4,000b @ 20% flat rate 1,800b<br />

[*8000 excluded as a subcontract cost]<br />

Total 24,000 Total 18,800<br />

EC funds 100% for Training 24,000c EC funds 100% for Management 18,800c<br />

Actual Total Direct Cost <strong>of</strong> the Project [total <strong>of</strong> a] (€) 358,500<br />

Actual Total Indirect Cost (F&A) is 90% <strong>of</strong> Actual Total Direct Cost (€) 322,650<br />

Actual Total Cost <strong>of</strong> the Project [Direct + Indirect/F&A] (€) 681,150<br />

Total Indirect Costs (F&A) that can be claimed under the<br />

FCF cost model (I.e. 20% <strong>of</strong> Eligible Costs) [total <strong>of</strong> b] (€) 70,100<br />

Total funds paid by the EC for activity type [total <strong>of</strong> c] (€) 231,011<br />

Match funding required [Actual Total Cost <strong>of</strong> Project – EC funding (c)] (€) 450,139<br />

Match funding required as a percentage <strong>of</strong> Actual Total Cost <strong>of</strong> Project 66%<br />

2005 <strong>Symposium</strong> Proceedings Book 175

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