Fixed Price Grant

Fixed Price Grant

A Fixed Price Grant (formerly named Program Grant) is a fixed-price agreement used when a sponsor desires to provide financial support of a project to be conducted by the University. It is not intended for the performance of testing services or fundamental research. Use of the Fixed Price Grant is not appropriate when the results of the project could be of commercial value to a sponsor. In such cases, the University’s Sponsored Research Agreement should be used.

Fixed Price Grants are treated as a ‘Restricted Grant’ in the University’s Funding Matrix (see Research Administration Policy RA04).

Funding Limitation: As with all fixed-price research agreements, Fixed Price Grants greater than $100,000 require the review and approval of the Office of Sponsored Programs prior to submission.