Get the free Award Closeout SOP - Partners Research Management - resadmin partners

Research Management Operating Procedure Award Close Out Summary When a grant expires the Grants and Contracts G C and Research Finance RF teams within Partners accordance with the terms and conditions of the award. According to the NIH Grants Policy Statement failure to accurately process a fund inactivation which includes the timely submission of the sponsor s required deliverables may result in increased supervision by the NIH or possible award delays or enforcement actions. It is...

How to fill out award closeout sop

How to fill out award closeout SOP:

1. Begin by reviewing the award closeout SOP document to familiarize yourself with its contents and purpose.
2. Gather all necessary data and information related to the award, such as project performance reports, financial records, and any outstanding deliverables.
3. Follow the step-by-step instructions provided in the SOP to complete each section accurately and thoroughly. This may include documenting any final expenditures, completing final project reports, and ensuring all required documentation is included.
4. Pay close attention to any specific requirements or guidelines mentioned in the SOP. Adhere to any formatting or submission instructions, as well as any necessary approvals or signatures that need to be obtained.
5. Double-check the completed SOP for any errors or omissions before submitting it for final review and approval.
6. Once approved, ensure that the award closeout SOP is properly filed and archived for future reference.

Who needs award closeout SOP:

1. Organizations that have received grants, contracts, or awards from funding entities.
2. Project managers and personnel responsible for managing and executing projects funded by awards.
3. Financial and administrative staff involved in the closeout process, including documenting project expenses, filing final reports, and ensuring compliance with award terms and conditions.

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What is award closeout sop?

The award closeout sop is a Standard Operating Procedure (SOP) that outlines the steps and requirements for the closeout process of an award.

Who is required to file award closeout sop?

The individuals or organizations who have been awarded a contract, grant, or other funding must file the award closeout sop.

How to fill out award closeout sop?

To fill out the award closeout sop, the recipient must follow the guidelines specified in the SOP, which may include providing financial reports, final invoices, and project deliverables.

What is the purpose of award closeout sop?

The purpose of the award closeout sop is to ensure that all contractual and administrative requirements are fulfilled, financial obligations are met, and any remaining funds are returned or properly accounted for.

What information must be reported on award closeout sop?

The specific information that must be reported on the award closeout sop may vary depending on the nature of the award, but typically includes financial data, project outcomes, and compliance documentation.