Financial Administration of Research Grants and Contracts

  1. Number: FIN/SLS/018
  2. Title: Financial Administration of Research Grants and Contracts
  3. Version: 1.0
  4. Effective date: 1 August 2012
  5. Duration: This specification will run from the date set out above until amended by the Director of Finance and Corporate Services or nominated alternate.
  6. Review: This specification will be reviewed annually.
  7. Service level specification:
    i.     Finance will undertake all necessary administrative work to support the award of any research grant and contract;
    ii. Finance will ensure that research grants and contract bids are submitted to sponsors in a compliant manner to maximise the chances of success;
    iii. Finance will undertake all grant and contract billing no less that quarterly in arrears throughout the life of the contract;
    iv. Finance will actively monitor research grant and contract expenditure to ensure unnecessary overspends do not occur.