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Fixed Price NSF Grant May Have Hidden Consequences.

Posted by Mike Anderson on Fri, May 02, 2014 @ 10:58 PM

When a company is awarded a Fixed Price award, specifically a fixed price NSF grant or SBIR grant, from the government, usually all the financial risk is on the contractor.  This means the government is less interested in how the company does their accounting.  The contractor is usually not burdened with audits of their accounting system, they do not need to calculate indirect billing rates and the type of accounting system is not a concern to the government.  The burden of completing the work assigned for the price agreed upon is enough risk for the company to bear.  Recently, there have been some incidences of items that might be of concern to  a company with a fixed price grant from the NSF.

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Topics: NSF Grant, SBIR Grant, NSF Grant Accounting