New Considerations for Maximizing Indirect Cost Recovery - Session 3

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1 hr, 30 mins

This is session 3 of 3 in the Uniform Guidance Revisions webinar series.

Is your current indirect cost allocation strategy right for your organization? One of the major benefits afforded by the implementation of Uniform Guidance is the ability for award recipients to negotiate indirect cost rates with the federal government. Unfortunately, many organizations still have not taken full advantage of this benefit. We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny. It has never been more important for award recipients to ensure they are efficiently recovering their fair share of administrative costs on Federal awards. If “Set-It-And-Forget-It” is your organization’s current strategy for indirect cost recovery this session is for you! In this session, we will examine the updates to the De Minimis rate, the Appendices to 2 CFR 200, and learn how to utilize these changes to optimize your organization's current cost recovery practices.

Learning Objectives:

Benefits of having a Negotiated Indirect Cost Rate Agreement
How to leverage your rates once approved
Best Practices for evaluating your indirect cost recovery practices
Updates to Uniform Guidance

About Our Experts

Benjamin Sedelmeier

Senior Manager, Capital Edge Consulting

Ben is a leader of Capital Edge’s Federal Grants Compliance Practice and is based out of the company’s Pittsburgh, PA office. Ben has over 9 years of experience supporting both Federal contractors and award recipients with the compliant and efficient management of their federally funded programs. Ben’s expertise includes, but is not limited to, methods of indirect cost recovery, financial modeling, Federal award administration, Federal Acquisition Regulation ("FAR"), and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (aka. “Uniform Guidance”) as well as applicable Federal agency regulatory supplements such as DOE, HHS, DoD, etc.

Ben's industry experience includes defense, nonprofit, and public sector. Ben has assisted clients with Business Systems Compliance, Policy and Procedure Development, In-House Training, Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support and Risk Assessment, Audit Finding Remediation, Procurement System Compliance, Internal Controls Assessment, Forensic Investigations, and other regulatory compliance matters.

Ben graduated from the California University of Pennsylvania with a Bachelor of Arts Degree in Business with a concentration in Marketing.

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Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.