Fixed Price Contract
Sponsored Program Procedure for Balances on Fixed Price Contracts.
Administrative Procedure A10.3
Effective: February 26, 1988
Responsible Administrative Office: Sponsored Programs Accounting & Compliance
Purpose
The purpose of this statement is to set forth policy and procedures to ensure timely closure of completed, fixed price contracts and the proper disposition of any unexpended balances.
Frequently Asked Questions
How do I..
Learn more about the proposal process?
Sponsored Research Handbook provides an overview of the policies and procedures that apply to research at the University of Maryland.
Policies and Specified Guidance
Faculty should be familiar with several key University Policies concerning research, including policies on:
Managing Your Sponsored Research
Award Negotiation & Acceptance
Awards are received by the University of Maryland on behalf of the Principal Investigator (PI). While the PI assumes the responsibility for financial oversight and completion of the work, the University remains legally responsible for the award. Therefore, all awards must conform to University policy and procedure.
Acceptance of an award requires a number of steps:
Preparing Your Proposal
Moving Through University Channels - From Faculty to the Sponsor
The information on this page is available in more detail in the Sponsored Research Handbook.
Finding Funding
An excellent way to identify potential sponsors is to network with faculty, industry representatives, and government agency personnel. In addition, the VPR has made SPINPlus available to faculty and staff to locate potential funding sources. Links to these resources and more can be found on Locating Funding page.
What is ORA?
The Office of Research Administration (ORA) provides support to faculty for all aspects of extramural funding from pre-award through closeout activities. We provide the following services to the UM faculty community:
Faculty Guide
Welcome to the University of Maryland!
We hope this guide will be of use to you as you navigate the sponsored research protocols and procedures at the University of Maryland.
To ease the understanding of the whole proposal lifecycle, we have divided it into 6 sections that take you through the entire process. Upon completion of these sections, we would strongly recommend that you go through our Proposal Checklist to ensure you have everything in place to get started.