Awarded
Provision of Support Services for TRAC
Descriptions
Transparent Approach to Costing (TRAC) is an activity-based costing system developed for the UK higher education sector and implemented in UK publicly funded higher education institutions. This contract is for the Provision of TRAC technical helpdesk support to UK HE institutions required to submit TRAC returns.
Maintaining and updating the TRAC guidance and reporting requirements, including taking account of changes to financial accounting standards and meeting stakeholder needs.
Carrying out reviews of the TRAC methodology to improve data quality and utility and meet multiple stakeholder requirements.
Supporting the TRAC Development Group in its oversight of the TRAC system.
Supporting the UK Regulators and Funders, including the use of the TRAC system to inform funding policy for teaching and research, and for informing pricing of research grants and contracts.
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