Latin English Online Dictionary INDEX: List of Terms: Terms beginning with A, Page 1
Negotiated Indirect Cost Rate (or Recovery) Agreement/ NICRA â agreement negotiated between an entity and their cognizant federal agency regarding the âfair shareâ of indirect costs that can be charged to federally funded projects.
Companies receiving federal or state funding or participating in a government contract must calculate indirect costs (overhead) rates before submitting a grant proposal, or as part of a bid for a contract. This is called a âprovisionalâ overhead rate, and is the cost you bill the government during the first year of a grant or contract.