With both NIH and NSF tightening their policy for financial close out we are looking at our policies and procedures for closing awards.  As item that has come up repeatedly as a cause for delays in processing final draws and producing final reports is late sub-contractor invoices.  Since most of our sub-contractors are other Institutions of Higher Education I thought this would be a good group to approach with the question, How do you deal with this and maintain compliance with sponsor close-out policies?  Do you have a FIRM policy that you will not pay late final invoices?

 

Thank you.

 

Ted