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Major Functions of an Institution
Refers to instruction, organized research, other sponsored activities and other institutional activities as defined.
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Major Projects
Construction of new facilities (which encompasses the addition of square footage to existing facilities) and renovation projects costing more than $2,000,000.
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Mandatory Cost Sharing
Mandatory cost sharing is required by statute or as condition of a specific solicitation or program announcement. It will normally appear in the award document from the agency. Mandatory cost sharing expenditures are tracked and accounted for and will be reported back to the sponsoring agency in a Financial Report.
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Minor Projects
Construction of new facilities (which encompasses the addition of square footage to existing facilities) and renovation projects costing less than $2,000,000.
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Modified Total Direct Costs (MTDC)
MTDC means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and sub-awards and subcontracts up to the first $25,000 of each sub-award and subcontract (regardless of the period of performance of the sub-awards and subcontracts under the award). MTDC excludes equipment, capital expenditures, charges for patient care, rental costs, participant support costs and the portion of each sub-award and subcontract in excess of $25,000. Other items may only be excluded when necessary to avoid a serious inequity in the distribution of indirect costs, and with the approval of the cognizant agency for indirect costs.