F&A Costs
F&A (Facilities and Administrative) costs are not necessarily tangible assets, but are those that are not immediately recognized and itemizable by all participants in the project or a given activity within the project. Recommendations for distribution and considerations of these costs are also covered.
Read more about this topic: OMB Circular A-21
Famous quotes containing the word costs:
“To exercise power costs effort and demands courage. That is why so many fail to assert rights to which they are perfectly entitled—because a right is a kind of power but they are too lazy or too cowardly to exercise it. The virtues which cloak these faults are called patience and forbearance.”
—Friedrich Nietzsche (1844–1900)