As a reminder, OSP will work with the federal Grants Management Specialist (GMS) at just-in-time (JIT) to ensure that VUMC’s new rate agreement is incorporated into the review of all direct, competitive applications submitted at a previously approved federal rate and currently pending at the agency. If JIT has already been submitted for a pending application, OSP will submit revised documentation in pursuit of this change. This process will allow VUMC to increase its F&A recovery on newly established awards with no impact to the direct cost budget.
For further information, please consult the OSP webpage dedicated to the F&A rate transition.
Please direct any questions or concerns to your OSP specialist.