Table 2 Transaction costs as percentage of received funding
From: Exploring the effectiveness, efficiency and equity (3e’s) of research and research impact assessment
Country | Sector | Type of transaction/administration cost | Calculation notes | Cost % | Source |
|---|---|---|---|---|---|
The United Kingdom | Higher Education research funding | Total cost as proportion of Research Council budget spent in HEIs | Includes cost of peer review, cost to Research Councils in administration, and costs of HEIs in preparing submissions. | 12.6% (Cost in preparing submissions 9%) | |
The United Kingdom | Higher Education research funding | Research Excellence Framework (REF) 2014 by HEFCE—cost of preparing for REF as % of total funding awarded | Includes cost to funding bodies, cost to panelists in HE community, and cost of preparing submissions by HEIs. | 2.4% (Cost in preparing submissions excluding panelists 2%) | |
Australia | Health research funding | Time spent preparing grant proposals for National Health and Medical Research Council (NHMRC) of Australia | Time spent (calculated in salary costs) as proportion of total grants awarded: 34 working days per proposal (annual salary costs of AU$66 million) | N/A—no estimate available for total transaction cost. (Cost in preparing submissions: 13%) | |
The United Kingdom | Agriculture (compensation payments) | Private transaction costs incurred as % of premium received for being part of an agri-environmental scheme | N/A—no estimate available for total transaction cost. (Cost in preparing submissions: 25%) |
