Getting To Know All About You (err, Your Awards) – Part Two

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.