Budgeting Services
 

  • FY 2024 Fixed Rates

    • Rates to be used for forward-pricing and billing purposes with regard to trust funds for Fiscal Year 2024.

    Personnel Leave 19.05%
    Direct Operating Overhead 27.83%
    General & Administrative 11.23%
    Material Burden 5.92%
    Central Engineering 36.37%
    Benefits - Regular 30.48%
    Benefits - Intermittent & < 90-day 8.33%










  • Productive hours for FY24

    • 1,754 (2088 hours / 1.1905)

  • Space Telescope Science Institute (STSci) 2024 Composite Rates

  • Personal Leave Rate =  19.05%

  • Employee Benefit Rate - Regular =  30.48%
  • Employee Benefit Rate - Intermittent =  8.33%

  • Direct Operating Overhead Composite Rate - Regular Employees =  1.3048 * 0.2783 = 36.31%
  • Direct Operating Overhead Composite Rate - Intermittent Employees =  1.0833 * 0.2783 = 30.15%

  • IDC / G&A / F&A - Materials, Equipment, Subcontracts/subgrants=  (0.0592 * 0.1123) + 0.0592 = 6.58%
  • IDC / G&A / F&A - All non-Material classes =  11.23%
    •

  • Boston Hourly Rates CY2024- CY2031 PDF version. doc version.

    • Hourly rate matrix for the Boston/Cambridge area calendar year 2024 through 2031.


  • Boston Hourly Rates - Special IT Rates CY2024 - CY2031 PDF version. doc version.

    • Hourly rate matrix for Special Rates Table Number 999D in the Boston/Cambridge area projected calendar year 2024 through 2031. Updated 01/12/2024.


  • Rest of United States Hourly Rates CY2021 only

    •   Link to OPM.gov 2021 hourly rates Hourly rate matrix for the Rest of US (consisting of those portions of the US not located within another locality pay area) for calendar year 2021.
    Please contact FM Proposal Group at Fm-proposal@cfa.harvard.edu if you need more information     		 
     

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