Full Economic Costing (fEC) Template
|Current version number of fEC spreadsheets||131|
The documents on this page should be used by members of staff when preparing an external funding proposal. A Full Economic Cost (fEC) Budget Approval Form must be completed and approved prior to the application being sent to the proposed sponsor. The fEC Budget Approval Form will be automatically produced in the form of a report from the fEC Spreadsheet. If you require assistance with the completion of the fEC form you should contact the relevant member of the Research Development Team; contact details are available on the Research Development team website here.
PLEASE NOTE that with immediate effect, any fEC including fixed term employees must include potential statutory redundancy costs for staff with more than 2 years’ service.
Statutory redundancy payments can be calculated using https://www.gov.uk/redundant-your-rights/redundancy-pay
There is also useful information to help with costing a bid here.
Salary Scales (link to Personnel website)
Research Grant Applications Purchasing Guidelines (link to Purchasing website)
Guidance on Electronic Submission of fECs
- Initial Submission (to be completed by Project Costing Accountant)
- Principal Investigator Approval
- Dean of School/Head of Commercial Finance Approval