The sponsor should use the F&A rate in place at the time the award is made. In this case, the award should incorporate the lower F&A rate of 58.5% in effect on August 1, 2020 with no change in Direct Costs.
The sponsor should use the F&A rate in place at the time the award is made. In this case, the award should incorporate the lower F&A rate of 58.5% in effect on August 1, 2020 with no change in Direct Costs.