Research Budget & Economy

A budget plan demonstrates the required cost for the proposed project in a given period of time, and is a key element of a research grant application.


Photo: GettyImages.

Factors to consider when developing a budget:

  • Will all indirect costs be covered?
  • What are the eligible costs?
  • Is there a need for co-financing?
  • Budget justification
  • Sub-budgets
  • Payroll guidance
  • Cost sharing
  • Program income
  • Controlling
  • Full economic costs & pricing
  • Incoming & outgoing sub-awards
  • Financial audits & reporting
  • Does the agency fund stipends?
Photo: GettyImages.

What is INDI?

INDI stands for indirect costs of research - additional non-project-specific costs normally arising for all research activities. KI uses a calculation and accounting model:

The INDI model at KI