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Funding (Grants vs Cooperative Agreements vs Contracts)

Federal Funding ( grants vs Cooperative Agreements vs Contracts) Federal grants Federal Cooperative agreement Federal Contracts Basic Purpose A flexible instrument designed to provide money to support a public purpose. Assistance with few restrictions. A flexible instrument designed to provide money to support a public purpose. Assistance with involvement between parties. A binding agreement between a buyer and a seller to provide goods or services in return for consideration (usually monetary). Procures goods or services. Terms & Conditions Governed by the terms of the grant agreement Governed by the terms of the Cooperative agreement Governed by Federal Acquisition Regulations Scope Conceived by PI.

contract. Like a grant or cooperative agreement a Federal Contract is an instrument used by the Federal Government to provide funding for research and development projects. However, unlike a grant or cooperative agreement, the Federal Government uses contracts as a …

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