Indirect costs within management fee
There are no requirements as to the level of indirect costs budgeted within the management fee. For example, they may be budgeted as a percentage of one or a number of the other budget headings or may be budgeted based on the basis of actual overheads.
Whatever the method chosen, the related comment box in the management fee budget must be used to explain the rationale of the indirect costs budgeted. The level of indirect costs and the corresponding justification will form part of the basis of the assessment under award criteria 3.5.