How do the EIC admin costs and support costs get paid for? E.g., accounting, IT, software, etc. What happens if EIC makes a profit?

By |2020-01-22T15:32:47+00:00January 22nd, 2020|Categories: |

An EIC Overhead Charge needs to be included on each and every project operated through the consortium or that uses the consortium brand or platform to prepare the proposal. The standard rate is 10% of the total budget but a lower rate can be used if the project budget is very tight or the project doesn’t [...]

Does EIC charge commission?

By |2020-01-22T15:35:10+00:00January 22nd, 2020|Categories: , |

EIC does NOT charge a direct commission on the income generated by individual consultants. EIC does charge an administration commission (Overhead Charge) on projects operated under the EIC brand or legal umbrella. We do not agree with the current way the HR Recruitment industry and Free-lance work portals like Freelance.com or Upwork.com tax their consultants sometimes [...]

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