Spending of Award Funds

Award Management also means good stewardship of your funds. You have a budget and while budgets change, you should try to follow what you’ve written as much as possible. Changing the budget significantly is a timely process that normally includes agency approval.

Sometimes, things happen. A GRA quits, a new drug comes out for half the price, etc. You have money left over and you still have science to do. Many agencies (NIH and NSF) allow for a no-cost extension with little hoops to jump through. Simply e-mail your Grants and Contract Specialist with a brief explanation, and they’ll take care of the rest. Of course, sometimes more hoops need to be cleared; your starting place will still be your Grants and Contact Specialist who will work with you to clear them.


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