Project Price

Contingency Percentage

Default: From the applied rule but can be changed

Percentage applied to the cost and price to account for the risk that the project may not be undertaken as planned

GST Percentage

Read only; if Include GST? is No, displays as 0

Percentage applied to the total price of the project, as defined in the GST% field in System Preferences

Include GST?

Default: From the applied rule but can be changed

Indicates whether to include additional totals with GST calculated in the price

GST is not applied to internal fund schemes.

Margin Percentage

Only editable if User can override Margin Percentage? is Yes in the applied rule

Percentage applied to calculate the difference between the cost and price for the project

(Fund Scheme Name)

Name of the external fund scheme for the project

Note: To avoid overlapping, fund scheme names that are longer than the set column width in the page design are truncated with ellipses at the end.

The column width is set in the page design to allow for other fields in this section for different layouts based on the type of project. This cannot be changed.

Capped Amount

Only editable if Capped Price? is Yes

Maximum amount the funder is willing to provide (without GST)

Validation messages linked to the field are:

•        If the Total Price is less than the Capped Amount, the following message displays "(fund scheme name) - Total Price is less than the Capped Amount, please revisit the costing, enter a markup amount or CLICK HERE (link)  to automatically add the markup." If you click the link, the markup amount is calculated (Total Price - Capped Amount) and added to the Markup/Discount (+/-) field. 

•        If the Total Price is more than the Capped Amount, the following message displays:
"(fund scheme name) - Total Price is more than the Capped Amount, please revisit the costing, enter a discount amount or CLICK HERE (link) to automatically add the discount."  
If you click the link, the discount amount is calculated (Total Price - Capped Amount) and added to the Markup/Discount (+/-) field as a negative value. 

See also: Markup or Discount (+/-)

Capped Price?

Default: No

Indicates if the funder has specified a maximum price they are willing to pay

When marked as Yes, you can enter a value in the Capped Amount field (above). This value will not include GST.

ICR Waiver

Only if Allow Indirect Cost Recovery Waiver? is Yes in Institution Level rules

Not displayed if Allow Indirect Cost Recovery for Internal Fund Schemes? is No in Institution Level rules and the fund scheme is internal

Select whether to enter an amount or percentage

A second field displays to enter the value based on the selection:

•        If an amount, it cannot be greater than the total ICR amount.

•        If a percentage, it cannot be greater than 100.

The waiver amount is listed in the Price Calculation section as Less: ICR Waiver and is shown as a negative value.

Markup or Discount (+/-)

Amount as either a markup to increase the price (positive value), or discount (negative value) to reduce the price

If there is a funder Capped Amount defined, this field can be populated with the difference for that funder via a link in a message

Add: Competitive Neutrality Charge

Only if Include Competitive Neutrality Charge? is Yes in Institution Level rules

Amount added to the price of the project for a funder for CNC, as entered in a Fund Scheme RIC grid in an eForm for the fund scheme

What is CNC?

Contingency

Calculated value to account for the risk that the project may not be undertaken as planned, using the percentage shown in the Price Calculation Parameters section on this page

(Direct Cost Recovery + ICR) x Contingency % from the applicable rule

Direct Cost Recovery

Calculated value to recoup direct costs

Sum of the following for cash amounts allocated to the fund scheme:

•        Salary Price: Internals (cash)

•        Salary Price: New Staff (cash)

•        Consumable and Capital Items (cash)

•        Salary Price: Externals (cash)

•        HDR Student Scholarship (cash)

•        Facility Cost (cash)

GST

Calculated GST value, if GST is applied to the price, using the defined GST percentage defined in the GST% field in System Preferences

Total Price x GST%

ICR - Direct Salary

Only if ICR Method is Institution Direct Salary Cost or Mixed

Calculated value to recoup indirect salary costs

[Salary Price: Internals (cash) + Salary Price: New Staff (cash)] x Institution Direct Salary Cost ICR % from the applied rule for pricing

ICR - Other Direct Cost

Only if ICR Method is Mixed

Calculated value to recoup other direct costs

[Consumable and Capital Items (cash) + Salary Price: Externals (cash) + Facility Cost (cash) + HDR Student Scholarship (cash)] x Other Direct Cost ICR % from the applied rule for pricing

ICR - Total Direct Cost

Only if ICR Method is Total Direct Cost

Combined value to recoup direct costs  

Direct Cost Recovery  x Total Direct Cost ICR % from the applied rule for pricing

Less: ICR Waiver

Only shown if Allow Indirect Cost Recovery Waiver? is Yes in Institution Level rules

Reduction of Indirect Cost Recovery (ICR) from the price of the project based on the value entered in the ICR Waiver fields in this page (negative amount or percentage)

•        If a percentage is entered, ICR Waiver = Total ICR x entered percentage

•        If an amount is entered, ICR Waiver = entered amount

Margin

Calculated difference between the cost and the price of the project, calculated with the Margin Percentage shown in the Price Calculation Parameters section on this page

(Direct Cost Recovery + ICR + Contingency ) x Margin % from the applicable rule

Markup or Discount (+/-)

Adjustment to the price, to either increase the price (positive value) as a markup, or reduce the price (negative value) as a discount

Total Cash Contribution

Calculated cash amounts provided by the funder without GST

Direct Cost Recovery + ICR + Contingency amount + Margin amount + Markup or Discount + CNC - ICR Waiver

Total incl. GST

Total cash amount provided by the funder plus the GST amount

Total Cash Contribution + GST

Total In-kind Contribution

The total of all in-kind values for the external funder

Depending on project inputs, this may include:

•        Consumable and capital item costs for items provided to your institution

•        Facility costs for facilities provided to your institution

Indirect Cost Recovery is not applied to in-kind contributions.

GST Percentage

Read only; if Include GST? is No, displays as 0

Percentage applied to the total price of the project, as defined in the GST% field in System Preferences

Include GST?

Default: From the applied rule but can be changed

Indicates whether to include additional totals with GST calculated in the price

(Fund Scheme Name)

Name of the fund scheme for the project

(Organisation)

Read only; displays if the CPT Configuration setting Fund Scheme Rules based on Funding Organisation? is Yes

Name of the organisation for the fund scheme

Capped Amount

Only editable if Capped Price? is Yes

Maximum amount the funder is willing to provide (without GST)

Validation messages linked to the field are:

•        If the Total Price is less than the Capped Amount, the following message displays "(fund scheme name) - Total Price is less than the Capped Amount, please revisit the costing, enter a markup amount or CLICK HERE (link)  to automatically add the markup." If you click the link, the markup amount is calculated (Total Price - Capped Amount) and added to the Markup/Discount (+/-) field. 

•        If the Total Price is more than the Capped Amount, the following message displays: "(fund scheme name) - Total Price is more than the Capped Amount, please revisit the costing, enter a discount amount or CLICK HERE (link) to automatically add the discount."  If you click the link, the discount amount is calculated (Total Price - Capped Amount) and added to the Markup/Discount (+/-) field as a negative value. 

See also: Markup or Discount (+/-)

Capped Price?

Default: No

Indicates if the funder has specified a maximum price they are willing to pay

When marked as Yes, you can enter a value in the Capped Amount field (above). This value will not include GST.

ICR Waiver

Only if Allow Indirect Cost Recovery Waiver? is Yes in Institution Level rules

Select whether to enter an amount or percentage

A second field displays to enter the value based on the selection:

•        If an amount, it cannot be greater than the total ICR amount.

•        If a percentage, it cannot be greater than 100.

The waiver amount is listed in the Price Calculation section as Less: ICR Waiver.

Markup or Discount (+/-)

Amount as either a markup to increase the price (positive value), or discount (negative value) to reduce the price

If there is a funder Capped Amount defined, this field can be populated with the difference for that funder.

GST

Calculated GST amount, if GST is enabled and applied to the price

Total Price x GST% as defined in the GST% field in System Preferences

ICR - Direct Salary

Only if ICR Method is Institution Direct Salary Cost or Mixed

Calculated indirect cost recovery value to recoup direct salary costs

Salary Cost x Institution Direct Salary Cost ICR % from the applied rule for pricing

ICR - Other Direct Cost

Only if ICR Method is Mixed

Calculated value to recoup other direct costs

(Consumable and Capital Items + Facility Cost) x Other Direct Cost ICR % from the applied rule for pricing

ICR - Total Direct Cost

Only if ICR Method is Total Direct Cost

Combined value to recoup total direct costs  

(Salary Cost + Consumable and Capital Items Cost + Facility Cost) x Total Direct Cost ICR % from the applied rule for pricing

Markup or Discount (+/-)

Adjustment to the price, to either increase the price (positive value) as a markup, or reduce the price (negative value) as a discount

Other Direct Cost

Calculated cost of non-salary expenses allocated to the fund scheme, such as consumable and capital items and facility costs

Consumable and Capital Items costs + Facility costs allocated to the fund scheme

Researcher RIA

Margin +/- Markup or Discount

Salary Cost

Calculated cost of team member salaries (new staff and investigators with a type that is not External) allocated to the fund scheme

Total salary costs allocated to the primary fund scheme

Total Price

Calculated total price without GST

Salary Cost + Other Direct Cost + ICR amount + Margin amount + Markup or Discount

Total Price incl. GST

Calculated price including the GST value

Total Price + GST amount

Save

Saves your changes made in this page

Outputs

Costing and pricing outputs available for the project and your role

Outputs with CPT data are created and managed by your RME administrators or office staff. They can be provided for different purposes, funders or stakeholders.

For output filter configuration, see: Output Configuration

Close

Returns you to the eForm costing and pricing summary page that has the button/link to open the tool