DCAA COMPLIANCE BLOG

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What's the difference between a Federal Government grant and contract

Posted by Mike Anderson on 6/7/13 11:26 AM

Many times when I talk with small businesses, they don't fully understand the difference between a Federal Grant and a Federal Contract. It is important for a small business to completely understand if their government funds are coming from a grant or a contract.  The terms and conditions surrounding each have somewhat unique requirements that may have implications on how the business handles the award and, in particular, the accounting related to that award. 
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Topics: SBIR, Federal Government, Government Contracts, Grants