The grantee has freedom to pursue the grant's stated purpose. The agency does not specify the manner of performance of the work and is not substantially involved in it. Expenditures associated with a grant, contract, or cooperative agreement that cannot be charged to, nor specifically identified with, individual research projects. Indirect costs involve expenditures necessary for the development and maintenance of an environment conducive to research, including maintenance of facilities and library, and administrative services. Expense or income resulting from the use of funds over a period of time.
Interest is calculated based on monthly cash balance for all gifts and fully-funded grants.
For certain federal agencies, a onetime no-cost extension of time to complete a sponsored project may be requested through the Research Office, using an OPAS form. All other requests for no-cost extensions must be made to and approved by the funding agency. This must be done before the end date of the award. System used by certain federal agencies to allow institutions to approve pre-award costs on grants and cooperative agreements for up to ninety days prior to the award start date when necessary. This should never include costs of proposal preparation.