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Cost is allowable when it meets specific criteria set by relevant regulations or guidelines, such as being reasonable, allocable, necessary, and conforming to the terms of the agreement or contract. It must also comply with applicable laws and regulations and should be adequately documented. Additionally, costs cannot be prohibited by the funding agency or the contract terms. Understanding these criteria ensures that costs can be reimbursed or recognized within a project or program.

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2mo ago

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Is the iff fee allowable cost?

The "IFF" fee, or Indirect Federal Funds fee, is generally considered an allowable cost when it is specifically authorized by the terms of the grant or contract governing the funding. However, whether it is allowable can depend on the specific regulations and policies of the funding agency, as well as the context in which the fee is incurred. It's important to review the relevant guidelines and consult with the funding agency or a compliance officer for clarification.


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