The purpose of advance accounts is to ensure the timely start-up or uninterrupted continuation of extramurally sponsored projects of the University before applicable award documents are executed.
The following criteria must be met in order to establish an advance account:
- The sponsor gives preliminary notification that an award should be forthcoming, and
- The advance account is required to meet critical needs which cannot be delayed without impairing project deliverables.
- No activities that require research compliance protocol approval may take place unless proper approvals are received.
- Effective August 2010, an account cannot be opened for awards that require “payment upon execution” until the initial payment is received. This applies to awards with private and non-profit agency sponsors. Advance accounts may be requested for these awards until the initial payment is received.