The SRA Symposium - College of Medicine
The SRA Symposium - College of Medicine
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