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Budget Guidance

The budget serves to identify the cost of the project to the sponsor. The budget also serves as a further measure of the Principal Investigator's capabilities since there must be a reasonable correlation between the project as described and the Principal Investigator's assessment of the various cost elements. Sponsors usually require a budget and a budget justification. Some sponsors require proposals to use specific budget templates. Your college or department may have a budget template that they prefer that you use.

Intellectual Property (IP) Policy Waivers

The University of Maryland Intellectual Property (IP)Policy outlines the ownership, licensing, and protection of IP created by personnel and students at UMD. Occasionally, sponsors, particularly Foundations or other non-Federal sponsors, include terms or conditions in their award notices that do not conform to UMD’s IP Policy.

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

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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.

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