Glossary

Description of terms, abbreviations and organisations linked with fEC, including web links:

Abbreviation

Description

£/FTE

Cost per Full Time Equivalent (used as the basis for both the estates and indirect costs charges for each research project)

AHRB

Arts & Humanities Research Board
http://www.ahrb.ac.uk/

BUFDG

British Universities Finance Directors Group
http://www.bufdg.ac.uk/

Co-I

Co-Investigator

EPSRC

Engineering & Physical Sciences Research Council
http://www.epsrc.ac.uk/default.htm

FSSG

Financial Sustainability Strategy Group

FEC

Full Economic Cost

FTEs

Full Time Equivalent number of staff or students

HEFCE

Higher Education Funding Council for England
http://www.hefce.ac.uk/

HEI

Higher Education Institution

JCPSG

Joint Costing and Pricing Steering Group
http://www.jcpsg.ac.uk/

J M Consulting

A consultancy group commissioned by OST/HEFCE to extend TRAC to the costing of research projects on a full economic costing basis

OST

Office of Science and Technology
http://www.ost.gov.uk/index_v4.htm

PGRs

Post-Graduate Research Students

PI

Principle Investigator

QR

Quality Research funding from SHEFC

RA

Research Assistant

RAE

Research Assessment Exercise
http://www.rae.ac.uk/default.htm

RCUK

Research Councils UK
http://www.rcuk.ac.uk/

Joint Research Councils and AHRB Dual Support reform webpage
http://www.pparc.ac.uk/jes/dualsupport.asp

This page contains links to the requirements, terms and conditions for submitting grant proposals on a fEC basis from 1st September 2005, published jointly by the Research Councils and the Arts & Humanities Board (AHRB).

ReCAP

Research, Costing and Pricing committee at Aberdeen University

SFC

Scottish Funding Council
http://www.sfc.ac.uk/

SHEFC

Scottish Higher Education Funding Council (now SFC or Scottish Funding Council)
http://www.shefc.ac.uk/

SRIF

Science Research Infrastructure Fund

TAS

Time Allocation Schedule

TR

Transparency Review

TRAC

Transparent Approach to Costing

TRAC Guidance (7/06)

Revisions to TRAC Guidance

http://www.jcpsg.ac.uk/guidance/about.htm


http://www.jcpsg.ac.uk/guidance/revisions/