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Space Surveys and Studies Colleges and universities are required to conduct a Space Inventory and Functional Usage Study as part of the preparation of the Facilities and Administrative (F&A) cost proposal. The purpose of these studies is to comply with Federal regulations prescribed by OMB Circular A-21, "Cost Principles for Educational Institutions". Unlike the administration component of the F&A rate, facilities costs are not subject to a cap, and a significant portion of these costs, including operations and maintenance and depreciation are allocated using square footage by functional usage. ML Weekes services include reviewing and updating existing space studies, as well as preparing a new space study, where required. Examples of our procedures include:
Performing the space study early in the rate preparation process allows ample time to review for completeness and accuracy. Contact our professional staff to discuss how best to plan and prepare for this important process. |
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