Sponsored projects are required to be closed in accordance with all appropriate University policies and award terms and conditions. Careful attention to project close out is necessary to ensure that the University is fully reimbursed for project expenses. This also protects the reputation of the University and Principal Investigator while maintaining a positive relationship with the sponsor to provide for future collaboration and funding.
Compliance with award terms for project closeout is required. Consequences of non-compliance include termination of current awards or suspension of future awards, rejection of claims for reimbursement, possible adverse audit findings and possible enforcement actions that may be legally available.