Principal Investigators receiving federal research funds are required to adhere to the following grants management guidelines:

On December 26, 2013, the Office of Management and Budget (OMB) issued the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (also known as the “Uniform Guidance” or 2 CFR200​). The Uniform Guidance consolidates, streamlines and supersedes the eight existing OMB Circulars including Circular A-21, A-110, and A-133. Included in this new guidance are definitions, uniform administrative requirements (preaward & postaward), cost principles and audit requirements. The new guidance, which affects all federally funded grants and contracts, took effect on December 26, 2014.​

Currently through 6/30/2018, Furman University's on-campus indirect cost rate (F&A) is 43.9% of all DIRECT COSTS, excluding capital expenditures and subawards. The University capital expenditure threshold is $5,000. Furman's off-campus rate, if the research or project will take place off campus, is 12%. [However, at times a federal agency will specify a maximum direct cost rate, such as 25%, to be used for a specific grant competition.]

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