Costs charged to extramural projects should be in accordance with Subpart E – Cost Principles at 2 CFR 200 http://go.hawaii.edu/JTo.
To be chargeable to an award, costs must be:
- Allowable: UG 200.403: http://go.hawaii.edu/2pJ Permitted by federal or governmental regulations and/or the sponsor’s award terms and conditions,
and consistently treated.
- Reasonable: UG 200.404: http://go.hawaii.edu/Jpk Such that a “prudent person” would have paid the stated amount for the goods and services. “Prudent person” is generally defined as a person of “ordinary prudence and intelligence”.
- Allocable: UG 200.405: http://go.hawaii.edu/XpJ Necessary to carry out the scope of, and provide a benefit to the project.
Additional information can be found in the Extramural Award Cost Guidelines.