Are renovation costs or lease costs allowable?
Rental costs, e.g. the cost of renting space to run a training program or to expand your institution’s available space for a training program, would be an allowable cost, to the extent that such rates are reasonable in light of such factors as: rental costs of comparable property, if any; market conditions in the area; alternatives available; and the type, life expectancy, value, and condition of the type of property leased. Capital expenditures for improvements to land, buildings, or equipment which materially increase their value or useful life (e.g. putting in an elevator, HVAC or new roof) are unallowable. The reasonable and necessary costs of altering or renovating space to make it usable for the project can be an allowable activity with the approval of the Grant Officer. However, if renovation is done to leased facilities, we would recommend that the building owner make the required renovations and that the cost of such activities be recouped through rental costs. Grantees need t
Related Questions
- Will interns be required to submit a lease/rental agreement to reflect monthly costs or will they just receive a flat per diem rate of 55% (based on the per diem rate of the respective area)?
- Will interns be required to submit a lease/rental agreement to reflect monthly costs or will they just receive a flat per diem rate of 55% (based on the per diem rate of the respective area)?
- Is there a limit on the administrative costs allowable from grant funds?
- Is movable equipment allowable in the construction and renovation FOA?
- Is movable equipment allowable in the construction and renovation FOA?
- Are renovation costs or lease costs allowable?
