Does a multi year award mean that we are guaranteed to receive a certain amount of funding during the award period of the grant?
A. No, Multi-year awards are awards which have an award/project period of more than 12 months of activity. Multi-year awards are partially funded when the awards are approved, and are subsequently funded in increments. Funding for each year’s activity is contingent upon the availability of funds from Congress, satisfactory performance, and is at the sole discretion of the agency.
Related Questions
- Will LAs be free to make transferees redundant during the 3 year guaranteed funding period in the event of a decrease in the type of work which they carry out?
- My scholarship funding covers "up to" a certain amount. What does "up to" mean and how is my actual scholarship funding determined?
- As an M/WBE firmam I guaranteed payment after a certain period of time?
