Previously, we discussed several different types of sponsored projects and a few of the mechanisms at play when performing work under their auspices. Next, we started a more in-depth examination of the award types with a look at the distinguishing characteristics of grants. Today, we’ll focus on cooperative agreements.
Award Type: Cooperative Agreement
Basic Purpose: To transfer money, property, or anything else of value in order to accomplish a public purpose.
Sponsor Involvement: Substantial throughout the process, including possible responsibility for part of the work.
How Solicited: Generally via requests for proposals (RFP).
Benefits: Assistance provided to both parties, as well as performance for the public good.
Project Direction: Defined by PI, who develops the scope of work in conjunction with the sponsor.
Selection Process: Based on peer review recommendation.
Award Instrument: Description of the statement of work with general outline of terms and conditions. Responsibilities of both sponsor and recipient are delineated.
Period of Performance: Defined by the PI and sponsor
Cost Principles: A-21 (Higher Education); A-122 (Profit Organizations
Administrative Requirements: A-110 (Agency Implementation)
Rebudgeting Capabilities: Generally available within most budget categories. However, sponsor can restrict within certain categories, such as international travel.
Technical Reporting Requirements: Required frequently so as to update sponsor on joint aspects of the work being performed.
Renewals: Depends on the interest of the sponsor and where project could go.
Final Deliverable(s): Generally only the final technical, financial and intellectual property reports.
Fulfillment of Award: PI utilized best efforts to complete the research.