Escalation Rates

Project costs increase over time as a result of inflation. The university, as part of its institutional budgeting process, makes estimates of these changes. To assist in sponsored project budgeting we have obtained institutional projections from the University Budget Office, Division of Financial Affairs, Risk Management and Insurance, and Graduate School and recommend that these are incorporated into funding proposals. These are estimates. Actual costs in future years will be based on various factors, including action by the University Trustees.