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Transparent Approach to Costing
(TRAC)

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New Rules for Research Project Costing

Background

Universities are being required by the government to ensure the financial sustainability of their activities - teaching, research and knowledge transfer. In the context of research, Universities are being required to identify the full economic costs of research projects, including provision for the maintenance of their research infrastructure over the long term. This has significant implications for the future costing of research projects.

Professor Kevin Edge, Pro-Vice-Chancellor (Research), has recently lead a series of briefing meetings to inform academic and support staff of the changes that will be required in project costing and pricing methodologies and the timescale over which these will be introduced.

The presentation is available to download in PDF format. Click here

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