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PRE-AWARD
COSTS Pre-award costs are
incurred at the risk of the University. The
principal investigator may request an index number while Sponsored
Programs Administration is waiting for the formal notice of award from
the sponsoring agency. The
principal investigator may request a continuation (new) index number
90 days prior to the end date of the current index budget period. When
requesting an index number using the Banner Account Request memorandum
and the 90 Days Notice, the principal investigator must supply an alternate
index number to charge in the event the project is not
funded. Note:
Pre-award costs are costs incurred prior to the beginning date of a
budget period. Pre-award cost incurred more than 90 days prior
to the effective date of any new or competing continuation award imposes
no obligation on the Federal Government to make the award or increase
the amount of the approved budget. See the section on "How to
determine allowable and
unallowable
costs" for more information.
Pre-award expenditures must meet the
same guidelines of allowability, allocability and reasonableness as
described by OMB Circular A-21.
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