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.