Your program has an RDT&E-funded project scheduled to start in January 2005 which is expected to take 16 months to complete. The project is expected to cost a total of $16 million (then-year dollars), with cost expected to be incurred at a rate of $1 million per month. The services to be provided under this project are NOT severable, and it has been determined that no contractor is willing to accept a contract for less than the entire 16 months of effort. What is the correct amount to include in your budget request for this project?
$9 million for fY 15 and $ 7 million for fy16
To determine the correct amount to include in your budget request for this project, you need to consider the duration of the project, the cost incurred per month, and the total cost.
In this case:
Duration of the project: 16 months
Cost incurred per month: $1 million
Total cost of the project: $16 million
To calculate the budget request, you can multiply the cost incurred per month by the duration of the project:
$1 million/month * 16 months = $16 million
Therefore, the correct amount to include in your budget request for this project would be $16 million, which is the total cost.