The total cost (direct + indirect costs) available for this funding announcement is $6M. The direct cost available for each project is $2M. The total cost accounts for a 40% indirect cost cap rate imposed by PCORI. The Prime institution must use their federally negotiated, independently audited or negotiated indirect cost rate not to exceed 40% of the allowable direct cost base. If the Prime institution has a federally negotiated or independently audited rate below 40 percent, the institution must use the lower rate.
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