To the great Collective Expertise:
Suppose we are the subcontractor for an NSF award.  The application was led
by another institution, and our co-PI supplied a budget and rationale for
his portion of the project.  The award has been made, and the subcontract
has the original budget attached, using an indirect cost rate/F&A rate that
has since expired.  Our new rate is lower.  What do we need to do with the
subcontract?  Sign it even tho the budget has the old F&A rate? (our Finance
office is hesitant)  Revise the budget?  Move the excess (amounts to about
$400/year for 4 years) to another line?  Do I need to make a call to NSF or
is this the business of the prime awardee?
thanks,
Diana

Diana Thompson Vincelli
Associate Director
Foundation and Government Grants
G-14 Maryland Hall
University of Richmond, VA  23173
804/289-8005, fax 804/287-6491
xxxxxx@richmond.edu
www.richmond.edu/~grants

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