Sub-awards
Contact the Research Finance team in Research Services for information on sub-award transfers.
Research Services sub-award transfer page |
*For sub-award extensions and/or amendments, contact the Research Finance team in Research Services.
What is a sub-award?
Researchers often work with co-investigators at other institutions and therefore need to transfer funds for use by their co-investigators.
Sub-awards are used to clarify each institution's obligations and intellectual property. UVic researchers can enter collaborations as sub-award recipients or as sub-award providers. Sub-awards are also known as sub-grants, sub-contracts, grant transfer agreements or transfer of funds agreements.
What part does Research Accounting play in the sub-award process?
- Receiving a sub-award
- Once the sub-award agreement is executed, Research Accounting will receive payment from the Principal Investigator Institution
- Research Accounting prepares a form 300 for each sub-award and sends it to the respective institution
- Paying a sub-award
- Once the sub-award agreement is executed, Research Accounting will issue payment to the sub-recipient institution
- Research Accountin receives a form 300 from each sub-award recipient and prepares combined financial statements for the grant
- A combined financial statement is sent to the sponsor agency
Forms
Form 300 coinvest |
Coinvest tracking |