Pre-Award
An institutionally approved account that allows recipients to begin sponsored program spending prior to the receipt of an actual federal award. Pre-award authority provides UGA or UGARF the option of not having to wait for the actual receipt of an award, which may be released later than expected for a variety of reasons. All pre-award costs are incurred at the recipient’s risk (i.e., the federal awarding agency is under no obligation to reimburse such costs if the recipient does not receive an award or if the award is less than anticipated and inadequate to cover such costs).