Types of Grants

  • Grants
    Grants are usually competitive awards to address specific goals/objectives and generally awarded for a specific period, varying from one year or for multi-year project. For multiyear grants, the PI/PD may be required to submit a continuation application or an annual report as each subsequent grant year approaches to report program activity and assure the agency that work is on track with the plan outlined in the original proposal.
  • Contracts
    Contracts are commonly used to accomplish specific objectives within a stipulated project period. The measurable objectives of contracts are often tangible items and/or services rather than basic research outcomes. They are often much more formal and specific than grants. Occasionally, the sponsor may actively participate in overseeing the progress and direction of the project.
  • Subcontract
    Subcontracts may be in the form of sub-grant or sub-agreement which allows awardees to transfer a portion of the research fund or effort of the project to another institution or organization. Like contracts, subcontracts may be either fixed-fee or cost-reimbursement arrangements. This requires negotiated institutional agreements and a document is often issued under the authority of, and consistent with, the terms and conditions of the award.
  • Cooperative-Agreements
    Cooperative agreements, usually involve agreements between the sponsor and awardees to work cooperatively for mutual benefit of their institutions and/or organizations. However, the degree of sponsor involvement and the segregation of responsibility require detailed specification between the sponsor and all collaborators.

Proposal Budget

When preparing the project budget, always refer to the Request for Proposal (RFP) guidelines and policies for creating the program budget. This is a very important part of the proposal and normally has a large impact on the overall proposal score. You will need to consider the below Institutional budgetary guidelines and policies as you complete your proposal budget:

Benedict College Proposal Submittal Forms (PDF)

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