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GRANTS & CONTRACTS
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GRANTS vs. CONTRACTS

Click on each header for more information.

  • Project/proposal is well-defined, but normally there is no formal agreement.
  • Well-defined, legally binding statement of work, obligations, and responsibilities
  • No specific deliverables except for progress /final reports
  • Specific deliverables defined
  • Flexible time frame; may have milestones, but no detailed schedule of work
  • Detailed work schedule with milestones, including date for final deliverables
  • Generally lump-sum payments (i.e., not a reimbursable basis); investigator fees normally ineligible
  • Investigator fees may be included in budget
  • Freedom to publish; intellectual property belongs to investigator
  • May have some restrictions on publication; intellectual property normally owned by UNB or its researchers, with the option to license granted to the sponsor
  • Grant paid in advance
  • Payments generally based on invoicing and may be subject to performance; holdbacks normally apply
  • Usually no overhead recovery (sometimes called an administration fee)
  • Overhead recovery mandatory


 



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