On-costs

The budgets of OLT projects can contain provision for on-costs which is a loading on a base sum (e.g. hourly rate or annual salary) which covers administrative, operational and other costs required for a position to exist. On-costs are generally expressed as a percentage, for example, the base salary plus 28% on-costs. The on-costs percentage may vary from institution to institution.

» Words and terms commonly used in association with developing OLT grant applications