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This Subaward Agreement outlines the terms and conditions under which Florida Housing Finance Corporation provides Exchange Program Funds to the Borrower for the construction, acquisition, or rehabilitation

How to fill out subaward agreement

How to fill out Subaward Agreement

1. Begin by identifying the principal investigator or project leader responsible for the primary award.
2. Gather all necessary documents related to the primary award and the subaward.
3. Clearly outline the scope of work for the subrecipient, detailing the tasks to be performed.
4. Determine the budget, including the total amount of the subaward and any specific restrictions.
5. Specify the deliverables and timelines for completing the tasks outlined in the agreement.
6. Include terms and conditions that govern the subaward, such as compliance with federal regulations.
7. Ensure all parties sign the agreement, including the authorized representatives of both organizations.
8. Maintain a copy of the executed agreement for your records and provide copies to the subrecipient.

Who needs Subaward Agreement?

1. Organizations that receive funding from a primary grant or contract and want to collaborate with other entities to fulfill project objectives.
2. Research institutions that need to allocate parts of their awarded funds to external partners or subcontractors.
3. Nonprofits and educational institutions that require formal agreements with subrecipients to handle project-related work.

People Also Ask about

What is considered a subaward?

As outlined in the NIH GPS 1.2, a subaward is an award provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass-through entity. It does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

What is a Subaward agreement?

What is a Subaward? A subaward is when a portion of Stanford's sponsored project is passed through to another entity in order to complete a portion of the sponsored project's scope of work. It does not include payments to a contractor or payments to an individual that is a beneficiary of a program.

What is a sub-grant agreement?

Subgrant Agreement means an agreement between the Recipient (acting through one of its Local Implementing Agencies) and a Beneficiary, providing for a Subgrant to the Beneficiary for the purpose of financing a Subproject.

What is an example of a Subaward?

A subaward is a portion of the grant award passed down from the primary recipient (the grantee) to a secondary recipient (the subrecipient). This transfer of funds comes with specific conditions and responsibilities.

What is the difference between a grant and a Subaward?

A subaward is a portion of the grant award passed down from the primary recipient (the grantee) to a secondary recipient (the subrecipient). This transfer of funds comes with specific conditions and responsibilities.

What is the Subaward number?

The Subaward ID is a 5- or 6-digit number. In the Subaward Look-up, use data you know to search for the existing Subaward: Account ID = Quantum Award or PID - enter the Quantum Award number (7 digits) with an asterisk (example: 7654321*)

What is the difference between a contractor and a Subaward?

A subaward allows a subrecipient to carry out a portion of the work required by a federal award. Under a subaward, the award recipient transfers its responsibility to perform part of the project to another party. In contrast, a contract is designed to provide goods or services for the recip- ient's own use.

For pdfFiller’s FAQs

What is Subaward Agreement?

A Subaward Agreement is a legal document that outlines the terms and conditions under which a subrecipient will carry out a portion of a larger funded project. It defines the roles, responsibilities, and deliverables expected from the subrecipient.

Who is required to file Subaward Agreement?

Typically, the primary recipient of a grant or contract (often referred to as the 'prime recipient') is required to file a Subaward Agreement with any entities or individuals they engage to perform a portion of the work funded by that grant or contract.

How to fill out Subaward Agreement?

To fill out a Subaward Agreement, you should include details such as the name and address of both parties, the purpose of the subaward, scope of work, budget details, terms of payment, reporting requirements, and any compliance requirements according to the funding agency's guidelines.

What is the purpose of Subaward Agreement?

The purpose of a Subaward Agreement is to legally establish the relationship between the prime recipient and the subrecipient, ensuring clarity on the expectations, financial obligations, performance metrics, and compliance obligations necessary to meet the requirements of the primary funding source.

What information must be reported on Subaward Agreement?

The Subaward Agreement must report information such as the names of the parties involved, project description, budget and funding details, performance metrics, reporting and invoicing processes, compliance obligations, and any specific deliverables or timelines associated with the project.