Published on Fri, 10/02/2023 - 12:28
X5 has been updated with the new fEC, facility and inflation rates which are effective from 1st February 2023.
The increase in rates was expected given current market conditions. Departmental and central expenditure has increased compared to last year. In addition, indexation rates have increased significantly to incorporate current and forecasted rises in energy costs, which affect operations across the University.
For existing costings in X5, the Rates tab will show these files as out of date. To apply the new rates to existing costings, go to the rates table tab and update the out of date files by clicking on “apply all updated files now”. Please be aware that your costs will change due to the new 2023 rates.