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Part V - TRAC fEC
Section C: Estimating researcher costs
Chapter C.2 Their time
Calculating FTEs
- The project hours of each investigator should be converted to a FTE figure
so that it can be used as a basis for charging indirect cost rates and estates
charges.
- The academics’ estimates of hours per project could be converted
into hours per annum by dividing by the years of funded life of the project.
These hours per annum should then be divided by the standard working year
of 1650 hours – that will give a FTE for each investigator. These are
then added together, along with the FTEs of Research Assistants and other
research staff, to provide the total FTEs for each year of the project. Indirect
cost rates and estates charges should be applied to that total FTE figure.
Academic salary costs if quoted at a £/FTE basis, should be applied
to each FTE figure.
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