Grants vs. contracts
| Grants | Contracts |
|---|---|
| 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 |
Forms
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