Flinders Research NewsNew budget estimator tool for tied or competitive research
This week a new budget estimator tool has been released to Flinders’ research community, with the aim to assist researchers prepare budgets for tied / competitive research grants, including category 1 grants and other research where budgets are to be calculated on direct research costs.
Benefits of using the tied/competitive research budget estimator tool include that: calculations encompass direct salary costs; on-cost rates can be easily adjusted; budget totals are summarised and available as both financial year or calendar year totals.
Hosted on the Flinders’ RDS website, this downloadable interactive tool systematically steps users through research budget considerations and construction.
Also accessible is the budget estimator tool for commissioned research, launched in February this year and developed to assist Flinders’ researchers to prepare budgets for commissioned / contract research, research tenders or consultancies.
- Commissioned or contract research includes Category 2 & 3 research such as Request for Tenders, Quotes and other commissioned research. The budget is usually costed on commercial terms and research is often eligible (in full or part) for Higher Education Research Data Collection (HERDC) purposes.
- Consultancies are when individual staff contract to provide their expertise to a third party on commercial terms. Note that consultancies can be counted as HERDC research income if it satisfies the definition of research.
Together these two budget estimator tools will enable ease of costing for research and consultancies by our research community.
If you require assistance in preparing a budget using this Budget Tool, please contact your local College Research Support staff.
If you experience difficulties using the tool, or require technical assistance please contact the Research Grants Team.
The newly released budget estimator for tied / competitive research grants is currently in beta testing so if you have any feedback please email firstname.lastname@example.org.