What if an awardee does not have a federally negotiated or privately audited indirect cost rate?

If an institution has a negotiated NICRA, then PCORI will accept the NICRA until its time of expiration.

If an institution has no rate agreement or independent rate verification by a CPA, then PCORI will allow a 10% default rate.

In no event shall PCORI be invoiced for any expenses related to establishing such rate, be it through an independent audit, or activities in preparation for a federally-established rate.