This method of payment is usually used to reward a guest speaker or a lecturer. An honorarium is not based on an agreed amount between the individual providing services and the individual seeking services. If payment is agreed upon, this constitutes a contractual agreement. Generally, a vendor is a dealer, distributor, merchant or other seller providing goods or services required to conduct a project. If a faculty or staff member of the University or Foundation has an established consulting business, with its own federal tax ID number, it may be possible in some cases, to subcontract to the company, but not to the individual person.
Subcontractors provide services that are directly involved in meeting the objectives of the project.
If a faculty or staff member of the University or Foundation has an established consulting business, with its own federal tax ID number, it may be possible in some cases, to subcontract to the company, but not to the individual person. The term subrecepient is a federal term referred to in the OMB Circulars. When writing federal subcontracts, it is necessary to pass down the appropriate federal clauses as listed in the prime agreement. Therefore, our standard subcontract must be modified to meet federal requirements. Resources that are contributed to a sponsored project over and above the support provided by the external sponsor of that project.