Word: indirect
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Dates: during 1990-1999
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Looking at Harvard Medical School, where administrators charge 88 cents on the dollar for indirect costs, investigators say they want to see if the University's records show overbillings--like those found at Stanford...
...surface, this investigation may seem like just another routine check for the University. Yet the impending probe could have damaging consequences if Harvard's indirect cost accounting looks anything like the records now surfacing at Stanford...
...investigation at the Medical School uncovers millions of dollars in improper billing for indirect costs, then Harvard might well be forced to pay back the taxpayers...
...addition, unfavorable findings would greatly weaken the Medical School's negotiating stance for an increase it is seeking in its indirect cost rate. This scenario would be the most costly for the University, which now hopes to work a deal promising more than $1 in overhead for each dollar received in grant monies...
...What Are Indirect Costs...