One of the major benefits afforded by the implementation of Uniform Guidance is the ability for recipients to negotiate indirect cost rates with the Federal government. However, with the increase to the De Minimis rate election, and the U.S. government’s growing scrutiny toward indirect cost recovery, some award recipients may struggle with determining which strategy will provide the most value to their organizations. Unfortunately, many organizations are not taking full advantage of the benefits afforded to them under Uniform Guidance. We live in a time where Federal budgets are shrinking and indirect cost rates are under attack. It has never been more important for award recipients to ensure they are efficiently recovering their fair share of administrative costs on Federal awards while giving the appropriate amount of consideration for the administrative burden that indirect rate implementation can create. If “Set-It-And-Forget-It” is your organization’s current strategy for indirect cost recovery, then this session is for you! In this session, we will learn how to optimize your organization’s current cost recovery practices.

Learning Objectives:

• Benefits of having a Negotiated Indirect Cost Rate Agreement;
• Understanding Who can pursue Federally approved Indirect rates and how to leverage your rates once approved; and
• Best Practices for evaluating your cost recovery practices under Federally funded programs.