Costing a proposal can feel like entering a twilight world of arcane terms and acronyms, understood only by the financial illuminati. Fear not, for Phil Ward has nine tips to help you through.
If drafting an application is hard, costing it can seem impossible. Luckily, your research support office can do most of the calculations, but it is important that you understand the assumptions they use, and what you can do to help them fully and accurately cost your proposal. Here are nine essential points to keep in mind.
1. Cost and price are not the same thing