Facilities Division’s Financial Management develops the rate structure for each of our service center, plant and recharge accounts. Rates are set to cover all expenses and provide for the appropriate working capital reserve – in accordance with UAB’s policy. The accounts are monitored closely. Rates are adjusted mid-year (after reviewing March FYTD results) if a change is necessary based on UAB guidelines.
Below are the current rates for Facilities’ service centers, plant and recharge accounts:
| Facilities Division's Service Center, Plant & Recharge Accounts | |||||||
|---|---|---|---|---|---|---|---|
FY21 | |||||||
| Service Centers: | Internal | External | |||||
| % of Total Project Cost | |||||||
| Planning, Design, & Construction (PDC) |
New Construction | New Construction w/ inhouse A/E & I/D | Renovation | Renovation w/ inhouse A/E & I/D | Equip/Furniture only | ||
| < $50k | 8.00% | 12.00% | 10.00% | 12.00% | 4.00% | NA | |
| $50 k - $750k | 6.00% | 10.00% | 6.50% | 10.00% | 3.50% | NA | |
| >$750k | 3.50% | 4.00% | 4.50% | 5.00% | 3.00% | NA | |
| Small Public Works (SPW) | 10.00% | NA | |||||