Word: overheads
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Dates: during 1990-1999
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...government's approach to establishing overhead rates appears to give Harvard little incentive to control costs. Under the predetermined rates, if Harvard overspends, it will have an advantage in future rate negotiations because University negotiators can point to the Medical School's high costs incurred by federal research...
...Federal and University officials disagree on several regulations governing indirect cost negotiations--disagreements which have contributed to problems in those discussions in the past. According to Harvard's interpretation of the rules, it is almost impossible for HHS to set overhead rates unilaterally...
These and other flaws in the indirect cost reimbursement system have prompted federal officials and Harvard to agree that the way universities are paid for their overhead costs needs to be revamped...
...agency's task was not an easy one. Harvard vigorously fought the attempt to lower the overhead rate, which was then bringing the University more than $10 million a year...
Finally, in October 1987, the two sides clinched a three-year deal, guaranteeing the University payments of 77 cents in overhead for every $1 awarded in grants to the Medical School. Under one clause of the agreement, HHS with drew the audits it had requested...