How do I estimate personnel costs for my grant proposal?
An example of an AI chatbot conversation about estimating personnel costs for grants.
How do I estimate personnel costs for my grant proposal?
To estimate personnel costs, start by identifying the roles needed for your project and their respective salaries.
What if I need to include benefits and overhead costs?
You should calculate benefits as a percentage of salaries, typically around 20-30%, and include overhead based on your institution's rate.
Can you give me an example of how to calculate this?
Sure! If you have a project manager with a salary of $60,000, and you estimate benefits at 25%, the total would be $60,000 + ($60,000 * 0.25) = $75,000.
Are there any resources to help with these calculations?
Yes, many grant agencies provide guidelines and templates for budgeting personnel costs. Check their websites for resources.
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