A system of reducing operational costs by coordinating with other organizations, such as joint volume purchasing, sharing storage facilities and costs, and sharing transportation costs.
A general term that describes an arrangement in which more than one party contributes to the total cost of a project. Cost sharing can be in the form of "hard dollars," or in-kind contributions such as time committed to a project. Example: A university receives a grant for a project estimated to have a total cost of $100,000. The sponsor agrees to pay 75% ($75,000) and the university agrees to pay 25% ($25,000). The $25,000 is the cost-sharing component. Direct Costs Clearly identifiable costs related to a specific project. General categories of direct costs include but are not limited to salaries and wages, fringe benefits, supplies, contractual services, travel, and equipment.
A general term, used as a noun or adjective, that can describe virtually any type of arrangement in which more than one party supports research, equipment acquisition, demonstration projects, programs, institutions. Example: A university receives a grant for a project estimated to have a total cost of $100, 00. The sponsor agrees to pay 75% ($75,000) and the university agrees to pay 25% ($25,000). The $25,000 is the cost-sharing component.