At OSU we set up a preliminary project number and allow pre-award spending on it, but the PI and department chair have to sign a form saying they’ll bear all the costs charged should the funding fall through.  There are no specific date/amount limits set by Office of Sponsored Programs, the risk is the department’s to bear.

 

Cheers,

Christine

 

 

 

All:

 

I’m at the departmental level and my team would like to know how other universities fund spending BEFORE a grant is fully funded. They are looking for the policies and solutions folks have for accessing the promised funds before the final granting. Here at VT, we have a “letter of guarantee” that allows a department or college to underwrite pre-spending for up to 30 days. They’d like to know if there are other methods for doing this.

 

They put special emphasis on how other large land-grants handle this – but I’d personally find all replies useful!

 

Cheers,

Jessica

 

 

MI+SPIA Research

 

Jessica Hanff, MURP, CRA
Research and Operations Manager
Metropolitan Institute
School of Public and International Affairs
College of Architecture and Urban Studies

Virginia Tech
1021 Prince Street, Ste 100
Alexandria, VA 22314

www.mi.vt.edu
 703.706.8105
xxxxxx@vt.edu

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