Optimum Patient Care’s Facilities and Administration Costs Policies (for US institutions / projects only)
It is the policy of Optimum Patient Care Limited (OPC) to charge facilities and administration fees (F&A) for grants and contracts undertaken by OPC. In cases other than where a set federal F&A rate has been established, OPC will accept the specific F&A rate publicly established by a given not-for-profit funding agency for grant or contract activities as long as it meets or exceeds the currently established OPC minimum rate. The minimum acceptable F&A rate of OPC is 10% without special dispensation. The F&A rate for industry funded grants and contracts is 27.5% and it is OPC policy to not pay a higher rate than this.
OPC will distribute F&A fees to sub-contractors prorated to the direct costs included in the sub-contract. OPC will pay sub-contractors the facilities and administration percentage of direct costs as established by the specific funding agency for a particular grant, or for federal grants at the established federal rate for the sub-contractor. OPC will also collect facility and administration fees on the first $25,000 of a sub-contract for the life of a grant or contract. The sub-contractor may also request facilities and administration fees for the initial $25,000 of a sub-contract. If duplicate facilities and administration fees are not allowed for sub-contracts by a funding agency then the fees associated with the first $25,000 of direct costs will be equally paid to the sub-contractor and OPC. OPC does not pay facilities and administration fees for purchased services or consultation services.