Common Contracts
1 similar Establishment Agreement contracts
Pre-Award Account Establishment AgreementEstablishment Agreement • November 30th, 2020
The University of Massachusetts Amherst anticipates, but has not yet received the formal award referenced below. I, the Principal Investigator, request the establishment of an account to permit the expenditure of funds for those costs critical for the performance of the project. I understand that although the University will set up the pre-award account for the entire amount anticipated for the budget period, I will limit expenditures to only those necessary for the initiation of the research project until the actual award is received from the sponsor. I understand that prior to the approval of a pre-award account, OPAM will confirm with the sponsor the effective dates, anticipated awarded amount, and evaluate the potential risk associated with the receipt of this award. I understand that although OPAM will evaluate the risks associated with the pre-award account establishment and will only approve if the risk appears to be minimal, there may be times that something unanticipated may o
