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Statement of Requirements

This is a comprehensive statement of the minimum requirements for TRAC.

The 'Statement of Requirements' is a replacement of QAV-METHOD.

It covers all areas of TRAC including:

  • the control environment
  • annual TRAC
  • calculation of charge-out rates for Research
  • Charging costs to research projects
  • TRAC(T)
  • TRAC EC-FP7

It now encompasses:

  • QAV-METHOD (October 2007, which was based on the annual TRAC/TRAC fEC Guidance issued in 2005 and the Updates up to and including October 2007), with further clarification and detail where appropriate;
  • a new section summarising the existing requirements for institutions applying dispensation;
  • the annual TRAC/TRAC fEC Updates issued in November 2008, December 2008, March 2009 and October 2009;
  • TRAC (T) Guidance (dated September 2006 and the Updates issued in September 2007, April 2008 and November 2008); and
  • TRAC EC-FP7 (final version dated 10 November 2008 except for Annex 1 (Form E) which is dated 22 December 2008; the March 2009 and August 2009 Updates).
  • Version 2.1 December 2009 replaces Version 1.1 dated March 2009.
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