Allocable vs Allowable

ALLOWABLE = able

A TYPE of cost that is able to be included as part of a sponsored project, such as foreign travel or PI salary.

Allowable types of costs are often outlined by a sponsor in their instructions for applying for project funding, such as 'Costs we typically fund are...' or 'Below is a list of allowable costs that can be included in the budget.' Allowable costs are also usually detailed in the project's executed agreement, budget, and/or budget justification.

ALLOCABLE = appropriate

A SPECIFIC cost that is appropriately charged to a particular sponsored project because:

1. It is an allowable costing type
2. It's a reasonable cost
3. The cost is necessary for the project
4. It benefits the project

I am required.

I am required.

I am required.

How does this benefit the project?