An indirect cost rate is a percentage (indirect cost pool/direct cost base) used to distribute indirect costs to all cost centers benefiting from those costs.
Looking for definitions of the common CoC and ESG Program terms referenced throughout the Virtual Binders?
Answer: Yes, you might be able to use the 10% de minimis rate. If your agency receives less than $35 million in direct federal funding and you have never negotiated an indirect cost rate, you may use the 10% rate indefinitely. You must use this rate for all federal awards until you negotiate for a rate, which you may apply to do at any time.