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Full economic costing

POLICY FOR COSTING AND PRICING OF RESEARCH AND RESEARCH RELATED CONTRACTS

1. PURPOSE OF THE POLICY

The purpose of the policy is to set a standard full cost calculation basis for the calculation of the costs related to research and research related contracts at SU.

2. BACKGROUND

Under the new Act regarding Intellectual Property Rights from Publicly Financed Research and Development Act, No. 51 of 2008, any research that is undertaken by private funding on a full cost basis, normally will not be subject to the concerned legislation (Refer clause 15.4 of the relevant Act). It is therefore in the interest of SU and its research partners to ensure that the costing of all research and research related contracts takes place on a full cost basis where applicable.

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