UM System has published a revision to BPM-203
Facilities and Administration Cost Recovery (Grants & Contracts), as
follows:
For Projects Supported by an Industrial
or Commercial Firm or Foreign Entity Government
F&A
costs must be charged at a rate not less than the predetermined approved
schedule of rates developed by the Vice President for Finance and
Administration.
When a commercial
or industrial firm requires rights in data to the exclusion of the
University and/or claims full rights to
patents ownership rights to intellectual property developed by the
University under such a project, F&A costs must be
charged at a rate not less than 200% of total direct costs. the scheduled rate and
may be charged at a higher rate through negotiation by the campus.
The
President must specifically approve any waiver of such intellectual property rights.