Closeout is the term used to represent the actions taken at the end of a project, which is reached at the end date reflected in the award document. If no additional time or funding is needed to complete the project tasks and objectives, the award must be closed in a manner described below, a process made easier by good award management over the life of an award. The Principal Investigator (PI), the Local Research Administrator (LRA), Office of Research Administration (ORA), and Sponsored Programs Accounting (SPA) partner for timely closeout process.
Preparation for award closeout begins three months prior to the end date of the award. This is done to allow for the accurate forecasting of pending allowable expenses not yet allocated to the award, and to allow for any adjustment to financial entries that need to be made. Ninety days before the end of a given award, SPA will send the PI and the LRA a 90-Day Notice with information regarding the award closeout. If upon receipt of this notice the PI determines that the project is not complete and a no-cost extension is needed, a No-Cost Extension request should be submitted to ORA as soon as possible.
For assistance with closeout actions contact your SPA Post Award Financial Specialist. A closeout meeting is offered upon request.
Most federal sponsors and many private sponsors require the submission of final reports within 90 days after the award end date (some agencies may require early or later submission). When Tufts is a subrecipient, final reports are due to the prime institution in advance of the 90-day mark. Please refer to the award terms and conditions to determine the due dates.
See details about closing a grant from the NIH at the links below:
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