Part V - TRAC fEC

Section D: Estimating other costs

Some institutions may not have sufficiently robust processes for calculating the indirect cost rate, as determined by the external quality assurance process. In this case institutions should apply the appropriatedefault indirect cost rate.
Some institutions may not have sufficiently robust processes for calculating the estates charges, as determined by the external quality assurance process. In this case institutions should apply the dispensation default estates rate/s (if they are eligible for dispensation) or should not apply an estates rate at all (if they are not eligible for dispensation), as the non-compliant default estates rate is zero.
It is good practice for institutions applying default (or no) rates to cost projects using their own rates. However, this would be complex, as they would need to recalculate the project costs for funding purposes. It is, therefore, not a requirement under TRAC.