Currency Exchange
Changes in contract payments may happen due to fluctuations in currency exchange rates, sometimes affecting total funds available for a project.
Cost Accounting Standards (CAS) or Cost Accounting Standards Board (CASB)
A set of 19 standards and rules proposed by the Cost Accounting Standards Board (CASB) and issued by the United States Government to establish consistency in cost accounting practices and to enable standard audits of those practices. Four of these standards (CAS 501, 502, 505, and 506) have been incorporated into OMB Circular A-21.
Contract Amendment (Contract Modification)
The introduction of new terms or the cancellation of existing terms in an existing contract, while leaving intact its overall purpose and effect.
Continuation
Subsequent proposal applications which are filed while the original project is still active. For NIH, continuations can be either non-competing (seeks funds to continue an awarded project period) or competing (seeks funds to obtain a new award period to follow once the current award period is over).
Contacts Database
An online tool used by UGA employees to identify the SPA grants administrator or the C&G accountant assigned to a particular department, college, or center/institute.
Consortium
An association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.
Conflict of Interest (COI)
An Investigator or an Investigator’s spouse or a dependent child has a Conflict of Interest (COI) when a Significant Financial Interest (SFI) could directly and significantly affect an Investigator’s decision making in the design, conduct, or reporting of externally funded research, instruction, service activities performed on behalf of the University. All UGA applicants seeking funding from Department of Health and Human Services (DHHS) Public Health Service (PHS) entities must annually disclose all SFIs prior to proposal submission. Applicants to external sponsors other than PHS entities must simply indicate on the SPA Proposal Transmittal Form that a possible COI exists or could exist. All identified COIs must be managed, modified, or eliminated before a restricted award account can be established.
Confidentiality Agreement
A legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties. The parties agree not to disclose information covered by the agreement. The agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets.
Computers (Buying on Grant)
These expenses can be either a direct or an F&A cost, depending on the actual usage of the item. For example, if computers are necessary for the overall administration of a sponsored project, then the purchase would be considered an F&A cost. However, purchasing a computer to control and monitor scientific equipment would generally be classified as a direct cost.