Full Cost Recovery

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Umich: It is the goal of the University of Michigan to recover the full costs of each individual sponsored project where permitted by the established policies of the funding agency. Full costs are defined as those costs that reasonably can be associated with and allocated to a particular project. They include costs that are generally treated as direct (costs that can be readily and specifically identified with a particular sponsored project relatively easily with a high degree of accuracy) and indirect (costs that are incurred for common or joint objectives and, therefore, cannot be identified readily and specifically with a particular sponsored project).