Costing and Pricing
Costing
Appropriate Costing and Pricing of research or services projects is very important to any application. If a project is incorrectly costed, this could result in a financial shortfall which may result in the host School and therefore the University bearing the cost. RACDV can provide accurate costing for projects by the completion of a Costing and Pricing Form.
The Costing and Pricing Form (CAP)
The CAP form comprises a number of pages which will be partially completed by staff in the Pre-Awards Unit in RACDV. To obtain a CAP form you need to contact the Pre-Awards Unit and provide the following data:
- The proposed start date
- Duration of the project
- Name of funding body
- Host School
- Name of Principal Investigator and amount of time to be spent on project
- Co-applicants and amount of their time to be spent on project
- Details of staff employed on project
The person requesting the CAP form MUST be able to confirm that they have obtained permission from all parties involved to obtain their salary details. Once you have provided this information you will be sent the partially completed CAP form which you will be asked to complete.
Contacts
European sources of funding e.g. EC, ERDF
All other funding sources
Next Steps
Once you’ve received the CAP form, your next steps will depend upon the type of project you are undertaking:
For Research Applications
The costs provided in the CAP form should be used to complete the funding body's application form.
For University Services Projects
University Services is the generic term used for projects in which staff undertake, on behalf of the University, expert advice, testing or analytical services, including consultancy.
Before fee discussions take place between you and the funder of the proposed work, you should give some thought to the price to be charged. This figure will be the costs, as calculated on the CAP form, plus any appropriate uplift element. Guidelines and further information are available on the pricing webpages.